Property Highlights
- Relocation of Established Location – Previous location was on Tunnel Rd with over 25-years of successful operating history
- Brand New Construction with Double Drive-Thru – Chick-Fil-A’s most recent building and drive-thru design eases traffic and increases consumer demand
- Absolute NNN Ground Lease – 20 year ground lease with eight, 5-year options
- Essential Retailer – Chick-Fil-A has remained open and thriving with sales increases during the Covid-19 Pandemic
- Premier Location in Retail Corridor – Ideal location in a prime retail corridor | Site is adjacent to The Asheville Market, anchored by Whole Foods, which has over 10-Million visitors annually
- Excellent Location in The Peaks Shopping Center – Subject property is located on the corner of a fully signalized intersection | Across from Asheville Mall – a 974,465 SF Regional Mall
- Surrounding Retail Synergies and Customers – Chick-Fil-A is located in a brand new center featuring Sleep Number, Blaze Pizza, and Panera Bread
- Phenomenal Visibility to High Traffic Counts – Visibility on Corner of Tunnel Rd and South Tunnel Rd to Traffic Counts over 40,000 VPD at intersection
- Growing Trade Area – The 1-Mile Population has grown by over 10% since 2010 | Continued strong growth projected for the coming years
- Hedge Versus Inflation – 10% rent increase during the initial term and 7.5% at the beginning of each renewal option
- Premier Brand – Leading chicken QSR with over $11B of annual sales and 52 years of positive growth