CHICKEN SALAD CHICK Augusta, GA - OFFERING MEMORANDUM - LoopNet
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OFFERING
MEMORANDUM
CHICKEN SALAD
CHICK
Augusta, GA
Actual Site
Scott Campbell Andrew Fallon
Associate Director Executive Managing Director
954.357.0775 | scampbell@calkain.com 703.787.4733 | afallon@calkain.com
Chicken Salad Chick Financial Summary
Asking Price Cap Rate Rent Schedule
$1,575,000 6.10% Term Increases Annual Rent Monthly Rent
3/2/2016 – 3/31/2021 - $96,000 $8,000
2817 Washington Rd 4/1/2021 – 3/31/2026 10% $105,600 $8,800
Augusta, GA 30909 4/1/2026 – 3/31/2031
10% $116,160 $9,680
(Option 1)
4/1/2031 – 3/31/2036
Asset Summary (Option 2)
10% $127,776 $10,648
Net Operating Income (NOI) $96,000
Rent/Month $8,000 Investment Highlights
Rent/SF $30/SF •• Located on a hard corner of a signalized intersection with 37,940 VPD
•• Outparcel to the Kroger anchored Washington Walk Shopping Center
Rentable Square Feet 3,200+/- SF
•• Minutes away from Augusta National Golf Club
Land Area 0.50+/- Acres
•• Structured 10% rent increases every 5 years including option periods
Tenant Name Chicken Salad Chick •• Average HH income of $82,715 within 3 miles
•• Chicken Salad Chick is growing at a pace of 30 to 40 locations annually
Website www.chickensaladchick.com
Guarantor Green Chick 1, LLC
Ownership Type Fee Simple
Lease Type NN
Landlord Responsibilities Roof & Structure
Store Opened March 2016
Lease Term Remaining 8+ Years
Rent Commencement March 2, 2016
Lease Expiration March 31, 2026
10% Every 5 Years,
Increases
Next Increase April 1, 2021
Options Two (2), Five (5) Year
Calkain Companies | 2
Tenant Overview
About Chicken Salad Chick
Chicken Salad Chick is a fast-casual chain of chicken
restaurants founded in 2008 and based in Auburn, Alabama.
Locations in Alabama, Georgia, Florida Tennessee, South
& North Carolina. With over 60 restaurants open, Chicken
Salad Chick is growing at a pace of 30 to 40 locations annually.
Chicken Salad Chick offers a complete “experience”. Offering
a full-service deli, dine-in, carryout, and catering for any
occasion and any size affair. Fifteen different flavors of chicken salad served
from the heart. They make their chicken salad by hand every morning, using only
premium chicken tenderloin. The recipes are crafted with the perfect combination
of sweet and savory ingredients and a secret blend of spices and seasoning.
Chicken Salad Chick is attractive to owners, developers and landlords because of
its streamlined and simple operation, lack of fryers and vents, and a unique dining
experience. The concept is supported by local and brand wide marketing to create
awareness and store traffic. The owners are trained in community marketing
which includes on-site marketing events as well as off-premise catering.
Actual Site
Actual Site
Calkain Companies | 3
Site Photos
Calkain Companies | 4
Site Photos
Calkain Companies | 5
Location Overview
Subject Site
85
Columbia, SC
Athens, GA
Atlanta, GA
20
Augusta, GA
520
95
75
Charleston, SC
75
16
95
Columbia, SC 73miles Savannah, GA 130 miles Charleston, SC 150 miles
Distance To Athens, GA 92 miles Atlanta, GA 143 miles Charlotte, NC 159 miles
Calkain Companies | 6
2817 Washington Rd | Augusta, GA 30909
Westside High Subject Site
School
D
VP
40
Washing
to
5,1
n Rd 37,9
40 VPD
06
I-2
20
West Eagle Green
Apartment Homes
Washington Square
2817 Washington Rd | Augusta, GA 30909
Washington Walk Shopping Center
Washington Rd 37,940 VPD
Subject Site
Alexan
der Dr
r Str e e
fo
ocation
L
tV
Hard Corner of 37,940 VPD Kroger
C li c k
iew
Highlights Signalized Intersection Pass the Site Outparcel
Location Overview, 1/3/5 Miles
1 Mile 3 Miles 5 Miles
Population
2018 Population 8,441 50,861 136,094
2023 Population 8,903 52,142 141,044
2018 Median Age 33.6 39.2 38.2
Households
2018 Total Households 4,304 22,740 58,996
2023 Total Households 4,548 23,277 61,118
Median Household Income
2018 Median HH Income $45,076 $55,221 $49,020
2023 Median HH Income $50,547 $60,059 $53,230
Average Household Income
2018 Average HH Income $58,042 $82,715 $71,242
2023 Average HH Income $65,882 $92,761 $80,106
5 Mile Radius | Demographics
20
520 Augusta
Population Median Age Avg HH Income
136,094 38.2 $71,242
520 Total Businesses Total Employees Net Worth
7,131 96,601 $41,884
Calkain Companies | 9
Market Overview
Augusta, GA
Augusta, Georgia is located in Richmond County on the central eastern border
of the state of Georgia. Augusta is the principle city of the Augusta-Richmond
County Metropolitan Statistical Area, which is the 2nd largest metro area in
the state after Atlanta. Augusta is best known for hosting The Masters golf 2016 Job Growth
tournament each spring. Augusta is two hours east of downtown Atlanta. In
2016, it was announced that the new National Cyber Security Headquarters 2.1%
would be based in Augusta, bringing as many as 10,000 cyber security specialists
to the Fort Gordon area, which is the major army base in Augusta.
• Population - 201,647 city, 500,000 trade region
• Location - 136 ft. above sea level. 200 Savannah River miles or approximately
150 land miles from Atlantic Ocean
• Major highways - Interstates 20 and 520, U.S. Routes 1, 25, 78, 278
City Population
• The city was named after Princess Augusta of Saxe-Gotha (1719-1772)
201,647
FORBES LIST:
#139 Best Places for
Business & Careers
Median Property Value
$151,000
Calkain Companies | 10About Us
Calkain Companies LLC is a boutique commercial real estate
investment banking firm that provides consulting and brokerage
services to both private and institutional clientele with a focus on
single tenant net lease investments. We pride ourselves on being an
innovative leader by providing our clients a full array of commercial
real estate investment brokerage and asset management solutions,
including advisory, research, debt and equity placement and wealth
management.
Calkain has built solid, lasting relationships that have been the
cornerstone of how we do business. Calkain approaches each
assignment with an eye toward each client’s individual needs.
Whether private or institutional investors, Calkain delivers real
estate solutions that maximize value while building wealth for all
of our clients.
At Calkain, our foresight and innovation are leading the net lease
investment industry.
$12 Billion $400 Million Building a solid foundation for your investment portfolio
in Closed Transactions in Active Listings calkain.com
Washington, DC Fort Lauderdale Atlanta Boston Philadelphia New York
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Ste 150 | Herndon, VA Ste 880 | Fort Lauderdale, FL Ste 202 | Marietta, GA Ste 1900 | Boston, MA Ste 100 | Center Valley, PA 4th Fl | New York, NY
Tel: 703.787.4714 Tel: 813.282.6000 Tel: 404.900.5629 Tel: 617.261.8584 Tel: 610.410.5410 Tel: 703.787.4714
Disclaimer: The information contained in this document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Calkain and its subsidiaries, and should not be made available to any other person or entity
without the written consent of Calkain. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein
is not a substitute for a thorough due diligence investigation. Calkain and its subsidiaries have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected
financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of
the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property(s). The information contained in this document has been obtained from sources we
believe to be reliable; however neither Calkain and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Calkain and its subsidiaries or the Seller conducted any investigation regarding these matters
and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.You can also read
