Retail    

Church's Chicken

 Dolomite (Birmingham), AL

Asking Price

$1,200,000

Cap Rate

6.25%

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Rare Corporate

Sale-Leaseback

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Absolute NNN

Lease

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10% Rental Increases

Every 5 Years

Rent Increases

Above Average

Store Performance

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Property Placed in 88th Percentile by Placer. AI | 78th Percentile in Alabama | Top 3 Location in 15-Mi Radius
    The Property is ranked int he 88th percentile of Church's Texas Chicken locations nationwide by Placer.AI and in the 78th percentile in the state of Alabama, proving a successful location. Additionally, the Property is third out of eight locations in a 15-mile radius. 
  • Rare Corporate Sale-Leaseback 
    The investment is backed by a Church's Texas Chicken corporate guaranty. Church's Texas Chicken operates over 700 locations globally.  
  • Absolute NNN Lease | No Landlord Responsibility | 10% Increases Every 5 Years
    Church's Texas Chicken is under an Absolute NNN lease structure, leaving no responsibility to the Landlord. Additionally, the lease features 10% rent increases every 5 years, which goes throughout the term and into the options as well.
  • Above Average Store Performance | Low Rent to Sales Ratio 
    This Church's Chicken location performs well, with sales above the Average unit volume for the brand, resulting in a rent-to-sales ratio below 7%.
  • Church's Texas Chicken Record Development in 2023
    2023 was considered a blockbuster year in terms of development growth for Church's Chicken, as the brand expanded its development pipeline significantly, while also investing in and maintaining their current brand. This effort has led to record-breaking unit-level sales records across the board. The average unit volume (AUV) of a Church's Chicken has grown year over year. Church's has also started to open new restaurants in several markets across the world. With over 700 locations, the brand has expanded to Canada, Mexico, Central America, the Caribbean, Asia, and the Middle East. By 2028, the brand will have more than 1,500 locations in 23 countries and grow sales to $2 billion.  
  • Local Street Visibility | 10.8 Million Annualized Traffic Count | Accessibility to I-20 Freeway
    The Property is located on Allison-Bonnett Memorial Drive, a bustling street in the local area that sees 29,566 vehicles per day, or an annualized traffic count of 10.8 million cars per year. This street also directly connects Church's Chicken to the I-20 freeway, which sees an additional 11 million vehicles per year.
  • 2 Miles from U.S. Steel Main Gate | Over 750 Employees Commuting Every Day
    The Property is 2 miles from U.S. Steel Corporation's Fairfield, Alabama location. The Fairfield Works station is home to the Electric Arc Furnace that supplies the company's seamless pipe mill. Each of the two stations at this location produces over 750,000 tons of steel annually and the sites employ 750 employees that commute to the site each day. 
  • Auto Trade Area | Nearby Retail Auto Stores and Dealerships
    Church's Chicken is surrounded by several car dealerships, repair and body shops and retail auto part stores including Holsey Automotive, HMM Tire Shop, Shell, O'Reilly Auto Parts, R&M Automotive, and Birmingham Auto Auction. Auto shops and dealerships significantly impact the volume of customers to their surrounding restaurant retailers. 
  • Less than One Mile from Walmart Supercenter
    The Walmart Supercenter in the area is less than one mile away from the property, bringing additional traffic and customers to the general area.
  • 10 Minutes to Birmingham  
    Due to its accessibility to the I-20 freeway, Church's Chicken is only 10 minutes from downtown Birmingham and benefits from increased traffic flow coming to and from the city. 

Exclusively Listed By: Northmarq Restaurant Group

Mike Philbin

Senior Vice President
  mphilbin@northmarq.com      (858) 877-9847

Maggie Brady

Investment Sales Analyst
  mbrady@northmarq.com      (858) 529-8972

In Association With
Ryan Butler

AL Lic. #000101183

Northmarq

4260 Galewood St. Suite A
Lake Oswego, OR 97035


northmarq.com