Single-Tenant Chick-fil-A Ground
For Sale
Contact for pricing
101 Village Center Drive, Chapel Hill, NC 27516
Operating Chick-fil-A on an absolute NNN ground lease with about 16.7 years remaining and 10% escalations every five years.
Property Size4,500 SF
Price / SF$833.33
Days on Market52
Property Features for 101 Village Center Drive
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$150,000
Additional Details
Business Included
Yes
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License #IL 475.170243
Source:
Crexi
Added: Jul 8
Changed: Aug 8
Last Checked: Aug 25 at 1:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Chick-fil-A at 101 Village Center Drive in Chapel Hill, North Carolina (“Property” or “Asset”). The property is operating on an absolute NNN ground lease with approximately 16.7 years of primary lease term remaining, 10% rent escalations every five years, and nine, five-year options.
The tenant recently acquired an additional 0.35 acres for expansion at the site, supporting continued site development under the ground lease structure.
This is a single-tenant, absolute NNN ground lease investment positioned around the current operating Chick-fil-A location, with contractual rent escalations and extended option periods.
The tenant recently acquired an additional 0.35 acres for expansion at the site, supporting continued site development under the ground lease structure.
This is a single-tenant, absolute NNN ground lease investment positioned around the current operating Chick-fil-A location, with contractual rent escalations and extended option periods.
Key Highlights
- Single‑tenant Chick‑fil‑A on an absolute NNN ground lease
- About 16.7 years of primary lease term remaining
- 10% rent escalations every 5 years
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 27516, NC
45,841
Population
18,684
Households
2.5
Avg Household Size
35
Median Age
72%
College-Educated
96%
High-School Grad
93.5 sq mi
ZIP Area
490
Density / Sq Mi
$100,788
Median Household Income
$48,638
Median Earnings
$1,446
Median Rent
$508,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Operating Chick-fil-A on an absolute NNN ground lease with about 16.7 years remaining and 10% escalations every five years.
Where is this nnn property located?
The property is located at 101 Village Center Drive Chapel Hill, NC.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Single‑tenant Chick‑fil‑A on an absolute NNN ground lease; About 16.7 years of primary lease term remaining; 10% rent escalations every 5 years
