1275 N Glenwood Ave - Fast Food FOR SALE


Dalton, GA 30721
$2,800,000 USD
858-822-9811
1275 N Glenwood Ave, Dalton, GA for Sale
$2,800,000 USD
Fast Food - FOR SALE
1/14
null | 3.75% Cap Rate

1275 N Glenwood Ave
Dalton, GA 30721


HIGHLIGHTS

  • Absolute NNN Ground Lease with Corporate Guaranty
  • 20-Year Lease with Six 5-Year Renewal Options
  • Over 1MM Annual Visits, Ranking in the 99th Percentile Nationwide and State for Visits within the “Fast Food & QSR” Category, per Placer.ai
  • Strong Financial Ratings and Brand Recognition; Over 3,300 Locations and $22.7B Systemwide Sales as of 2024
  • Chick-fil-A Ranks #1 in the QSR Sector for Freestanding/Drive-Thru AUVs with Approx. $9.3MM as of 2024
  • Located in “Carpet Capital of the World” Dalton, GA, a Regional Hub with a Strong Manufacturing Base and Home to 90% of the World’s Carpet Production

OVERVIEW

This Chick-fil-A offers a 20-year absolute NNN corporate-guaranteed ground lease with six 5-year renewal options. The tenant began operations in December 2022 and occupies a large 1.14-acre lot with ample parking. The property is located just 3 miles from major interstate I-75 (72,460 VPD), which connects Atlanta to Chattanooga. The site is adjacent to national and regional retailers and neighbors a Kroger-anchored shopping center that attracts over 971K annual visits, according to Placer.ai. The subject property offers immediate access to US Highway 41 (18,700 VPD), a major route running from Florida to Michigan, and excellent visibility with frontage along Glenwood Avenue (26,500 VPD). The Chick-fil-A brand operates over 3,300 locations, with systemwide sales reaching $22.7B as of 2024. According to Placer.ai, this specific location receives over 1MM annual visits, ranking in the 99th percentile both nationally and statewide for visits within the “Fast Food & QSR” category. Overall, Chick-fil-A ranks #1 in the QSR sector for freestanding/drive-thru AUVs, with approximately $9.3MM as of 2024. The city of Dalton is part of the Chattanooga-Cleveland-Dalton Combined Statistical Area (CSA), which had a population exceeding 1MM in 2023. Dalton is known as the “Carpet Capital of the World” due to its strong manufacturing base and its role in producing 90% of the world’s carpet. The area is home to more than 150 carpet plants, employing approximately 30,000 people. Watch Property Video: https://vimeo.com/1131751028/50a8e3428d

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$542 USD /SF

CAP RATE

3.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

222

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

NEC

APN/PARCEL ID

12-162-05-001

ASK ABOUT THIS PROPERTY

Ryan GomezCushman & WakefieldMore Info
858-822-9811

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Ryan GomezCushman & WakefieldMore Info
858-822-9811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.