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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.
Phenomenal Store Performance with an Unusually Conservative Rent This location is very close to double Church's average unit volume, and is set to a very conservative, healthy rent-to-sales factor.
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.
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 will grow sales from $1.4 to $2 billion.
Less than One Mile from Payne Elementary School and Selma High School Payne Elementary School is just under a half-mile from the property. Selma High School also brings traffic and hosts 1,750 students and 75 staff members.
Historic Civil Rights Movement Location The site is situated in Selma, Alabama, a pivotal location in the history of the Civil Rights Movement during the 1960s. One of the movement's landmark events, the Selma to Montgomery marches, was a series of nonviolent protests advocating for voting rights led by Dr. Martin Luther King.
