Chick-fil-A Ground Lease
Closed2000 Gallatin Pike N, Madison, TN 37115
Property type
Retail
Unit / Space count
1
Price
$2,415,000
Building size
3,743 sf
Rentable area
3,743 SF
Year built
2002
Year renovated
Occupancy
Zoning code
Lot size
1.00 Acres
Sold/status
Sold · Date unknown
Sale price
$2415000
Property description
Franklin Street presents a Chick-fil-A outparcel in Goodlettsville, Tennessee. Goodlettsville is located just north of downtown Nashville and home to Dollar General's corporate headquarters. The property is shadow anchored by Target and the Rivergate Mall, a 1.1M-square-foot mall anchored by Dillard’s, Sears, JCPenny, and Macy’s. Rivergate has over 150 stores within its boundaries. The property have excellent visibility off Highway 31, with 31,803 vehicles traveling past the site daily. Chick-fil-A is has recently agreed to extend their lease and renovate the store, giving an investor a secure long-term cash flow at a proven location. The property is surrounded by national retailers including: Walmart, DSW, Bed Bath & Beyond, Ashley Furniture, Tuesday Morning, Goodwill, among others.
Property highlights
- Located in the Booming Nashville MSA
- Newly Negotiated Lease Extension
- Chick-fil-a has the highest average store sales in the QSR industry
- Excellent visibility on Hwy 31: 31,803 VPD
- 140,000+ residents within 10 minute drive
- Further commitment to the site by the tenant by recasting their lease
- Strong corner outparcel at lighted interchange