Chick-fil-a | 2525 Tittabawassee Rd
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Chick-fil-a 2525 Tittabawassee Rd
5,024 SF Retail Building Saginaw, MI 48604 $5,332,522 CAD ($1,061 CAD/SF) 4.50% Cap Rate
Investment Highlights
- New 15-year absolute NNN corporate ground lease with 7.5% rental increases every five (5) years
- Chick-fil-A generated $18.8B in U.S. system sales in 2022, up approximately 13% from 2021
- Chick-fil-A restaurants average more than $8M in sales annually among non-mall locations
- Twelve (12) option periods of five (5) years each, providing an excellent long-term investment opportunity
- The highest-volume stand-alone location in 2022 generated approximately $17M and the lowest volume generated $2.2M
Executive Summary
Infill location along Tittabawassee Road, one of the most highly trafficked thoroughfares in the region with 30,560 AADT. Surrounded by numerous major traffic drivers, including Walmart Supercenter, Sam’s Club, Target, Lowe’s, The Home Depot, Best Buy, Texas Roadhouse, Outback Steakhouse, Hampton Inn, Holiday Inn Express, and many more. Beneficial proximity to Saginaw Valley State University (9,766 students, 1,001 employees), Carrollton Elementary School (722 students), Carrollton High School (484 students), and Carrollton Middle School (372 students). Highly visible from Interstate 675, a primary north-south thoroughfare which traverses the entirety of Saginaw (32,800 AADT). Projected income increases within 5-, 10-, and 15-mile radii of the site poise Chick-fil-A and Saginaw for steady concurrent growth. Built to the latest Chick-fil-A prototype, the site features a dual-lane drivethru and ample parking on a large 1.88-acre parcel.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,024 SF
Building Class
B
Year Built
2024
Price
$5,332,522 CAD
Price Per SF
$1,061 CAD
Cap Rate
4.50%
NOI
$239,907 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.88 AC
Parking
91 Spaces (18.11 Spaces per 1,000 SF Leased)
Nearby Major Retailers
1 of 7
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Chick-fil-a | 2525 Tittabawassee Rd
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