Chickfila Low Rent Recently Renovated Unit — Sale in Easton, MD
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Easton, MD 21601
Investment Figures
- Cap rate
- 4.25%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
The Tenant, Chick-fil-A, Inc., has four years remaining on a corporate NNN ground lease. The lease features rental increases of 10 percent (10%) in each of its four, five-year option periods, providing revenue growth and a hedge against inflation. Chick-fil-A operates successfully in this 4,195 square-foot restaurant with dual drive-thru and outdoor dining that was added in 2023. Per Placer. Ai, this location ranks in the 71st percentile chainwide and is the 2nd best of six stores within a 30-mile radius with 937.8 thousand annual customer visits. The combination of the unit’s Placer.Ai ranking and tenant-funded renovation provides a high likelihood of the tenant’s renewal. Investment Highlights: • TOP 1/3 OF ALL CHICK-FIL-A LOCATIONS NATIONALLY PER PLACER.AI • RECENT RENOVATION AND DRIVE-THRU EXPANSION • 10% INCREASES PER OPTION
Market Context
This retail in Easton, MD is listed for sale. It is offered at an approximate 4.2% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Easton, MD — view the full market.
Contact
- Dean Zang · (202) 536-3754 · dean.zang@marcusmillichap.com
- David S. Crotts · (202) 536-3757 · david.crotts@marcusmillichap.com
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