5805 Nolensville Pike
Nashville, TN 37211

Franklin Street is pleased to present this new construction Chick-fil-A ground lease located in Nashville, Tennessee. The property is located on Nolensville Pike which leads into downtown Nashville. Nashville is located in central Tennessee and is the states capital and largest city. The city is a center for music, healthcare, publishing, banking and transportation industries, and is home to numerous colleges and universities. The metropolitan is made up of 1.9 million residents and has been described as a “southern boomtown” by numerous publications, with it having the third fastest growing economy in the United States as of 2017. The property is located in a densely populated pocket of Nashville with over 187,000 residents within 5 miles of the property. The site is also located at the 4th busiest intersection in Nashville with over 64,000 cars a day. Chick-fil-A has signed a new 15-year lease which will commence in July 2018. The lease offers ten percent rental increases in lease year 11 as well as in each of the eight, five-year options to renew. Under the lease, the tenant is responsible for the payment of all taxes, insurance and common area maintenance of the property. Chick-fil-A has the highest average sales per unit of any quick service restaurant brand with $4.4M with the next closest being Whataburger at $2.7M. With over 2,200 units nationwide, Chick-fil-A has also been one of the fastest growing QSR chains in the country. Chick-fil-A is privately owned and based out of Atlanta, Georgia. Many of the company’s values are influenced by its founder’s Southern Baptist beliefs, most notably, all Chick-fil-A restaurants are closed for business on Sundays, as well as on Thanksgiving and Christmas. Each Chick-fil-A is owned or leased by Chick-fil-A corporately. Chick-fil-A selects the restaurant location and then builds it for its operators. Chick-fil-A franchisees need only a $10,000 initial investment to become an operator. Each operator is handpicked and goes through a rigorous training program; the interviews plus training can take months and is not an easy process.