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Rare Corporate
Sale-Leaseback
Absolute NNN
Lease
10% Rental Increases
Every 5 Years
Above Average
Store Performance
INVESTMENT HIGHLIGHTS
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 1,500 locations, the brand has expanded to Canada, Mexico, Central America, the Caribbean, Asia, and the Middle East. By 2028, the brand plans to grow from $1.4 to $2 billion.
Less than a Quarter-Mile from Johnson Elementary School Johnson Elementary School is less than a quarter of a mile away from Church's Chicken and brings 290 students and 30 teachers to the immediate area every day.
Located on a Signalized Intersection | 3 Points of Ingress and Egress The Property benefits from its position on Medgar Evers Blvds signalized corner, and has 3 points of ingress and egress, making the site highly accessible.
10 Minutes from Hawkins Field Airport and Jackson Municipal Airport Church's Chicken is 10 minutes from Jackson Municipal Airport, which also controls Hawkins Field Airport, bringing a combined estimated 1.29 million visitors per year to the local area.
4 Miles from Downtown Jackson | State Capital Jackson, MS is the state capital, and the downtown area consists of several historical districts and public buildings like the State Capitol Building, the Mississippi Museum of Art, the Jackson Convention Complex Center and the Mississippi Civil Rights Museum.
4 Miles from Mississippi Veterans Memorial Stadium | Home to Jackson State University Football Team The Property is 4 miles from the Mississippi Veterans Memorial Stadium, which is home to Jackson State University Football Team and can hold almost 50,000 seats when filled at capacity.
