$1,017,945 | 6.65% CAP6584 CAROLINE ST.MILTON, FL 32570
S T E V E N DS T E V E N D AA V I SV I S S E A N S T E P H E N S O NS E A N S T E P H E N S O N A N D R E W T H O M AA N D R E W T H O M A S K N I G H TS K N I G H T
480.429.4580 480.429.4580 314.994.4268
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RETRETAIL INVESTMENT GRAIL INVESTMENT GROUP, LLOUP, LLCC
8255 E RAINTREE DR SUITE 100, SCOTTSDALE, AZ 85260
480.429.4580
RETAIL1031.COM
A N D R E W T H O M AA N D R E W T H O M A S K N I G H TS K N I G H T
Broker of Record
FL #BK 3287452
S E A N S T E P H E N S O NS E A N S T E P H E N S O N
Senior Associate
480.429.4580
AZ #SA672380000
S T E V E N DS T E V E N D AA V I SV I S
Managing Member
480.429.4580
AZ #BR101032000
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
INVESTMENT SUMMARYINVESTMENT SUMMARYRetail Investment Group is pleased to be the listing agent for Church's Chicken in Milton, Florida. This property has a 15-year absolute NNN lease, a personal guarantee and has 2% increases annually. This property is situated on 0.29 acres of land and the building itself is 1,880 square feet. This location is on Caroline St., which sees ±37,000 vehicles per day. Well-known retailers surround this Church's Chicken property, including: Dollar Tree, Papa John's, Arby's, Texas Roadhouse, Pizza Hut, Walgreens, Waffle House, Domino's Pizza and more. Florida is also an income tax free state.
CHURCH'S CHICKENCHURCH'S CHICKEN MILTON, FLORIDAMILTON, FLORIDA
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
INVESTMENT HIGHLIGHTSINVESTMENT HIGHLIGHTS• Bite Sized Deal
• Absolute NNN
• 2% Increases Annually
• 14+ Years Remaining on Lease
• Florida: Income Tax Free State
• Rent is $71,784 minus 5.7% Florida Rental Tax ($4,092)
• Caroline St. sees ±37,000 VPD
• Surrounded by Numerous Retailers: Arby's, Dollar Tree, Firehouse Subs, Texas Roadhouse, Papa John's and More
PROPERTY INFORMATIONPROPERTY INFORMATION
Address: 6584 Caroline St.Milton, FL 32570
Price: $1,017,945
Cap Rate: 6.65%
NOI $67,693
Lessee: Wyatt Restaurant Group, LLC
Building Size: ±1,880 Square Feet
Land Area: ±0.29 Acres
Lease Expiration: 09/30/2034
Options: (2) 5-Year Options
Lease Type: Absolute NNN
Increases: 2% Annually
Guarantee: Personal Guarantee
ROFR: 30 Days
CHURCH'S CHICKENCHURCH'S CHICKEN MILTON, FLORIDAMILTON, FLORIDA
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
CHURCH'S CHICKENCHURCH'S CHICKEN MILTON, FLORIDAMILTON, FLORIDA
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
CHURCH'S CHICKENCHURCH'S CHICKEN MILTON, FLORIDAMILTON, FLORIDA
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
ABOUT THE CITY | MILTON, FLORIDAABOUT THE CITY | MILTON, FLORIDAThe city of Milton, the county seat of Santa Rosa, is located in the western panhandle of Florida, just north of Pensacola and adjacent to the Blackwater River. Milton is among one of the oldest cities in Florida, established before Florida was even a state. It is currently home to±10,269 people. Because of the close access to Blackwater, Coldwater and Sweetwater Rivers, Milton is a transportation hub for timber, lumber, brick, naval stores and ship building industries.
Milton is known for its history, but is described as a "vibrant, progressive city, balancing small town charm and modern urban life." Riverwalk Park, Gill-Bass Park, Veterans' Memorial Plaza, Historic Bagdad Village, L&N Train Depot, and the 1912 Imogene Theater are just a few of the historic landmarks and attractions Milton has to offer. Milton has over a handful of golf courses but is known as the Canoe Capital of Florida. The multiple waterways running through the city are perfect for paddlers, rafters, tubers and campers seeking adventure in the great outdoors.
CHURCH'S CHICKENCHURCH'S CHICKEN MILTON, FLORIDAMILTON, FLORIDA
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
ABOUT THE BRAND | CHURCH'S CHICKENABOUT THE BRAND | CHURCH'S CHICKENIn 1952, George W. Church opened the very first Church's Chicken To-Go restaurant in San Antonio, Texas. Today, the Church's Chicken headquarters is in Atlanta, Georgia, and the company is bringing in an estimated $1.2 billion in revenue annually.
Church's Chicken is all about "Bringin' That Down Home Flavor" by creating delicious southern comfort foods for over 60 years. Church's Chicken is known first and foremost for their fried chicken, but also offer a variety of sides like mashed potatoes and gravy, baked macaroni and cheese, fried okra, cole slaw, corn on the cob, french fries, jalapeno cheese bombers, and honey-butter biscuits.
The company is also passionate about giving back. Church's Chicken has partnered with No Kid Hungry since 2016. Church's was named the Dine Out for No Kid Hungry Newcomer of the Year after finding great success in fundraising. To date, Church's Chicken has raised over$700,000 for this cause resulting in 7 million nutritious meals for children across the country.
CHURCH'S CHICKENCHURCH'S CHICKEN MILTON, FLORIDAMILTON, FLORIDA
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
PPOPULAOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
20192019 3,479 26,004 53,598
2024 (EST)2024 (EST) 3,868 28,518 58,425
MED. HOUSEHOLD INCOMEMED. HOUSEHOLD INCOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
20192019 $51,571 $52,004 $55,693
HOUSEHOLDSHOUSEHOLDS 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
NUMBER OF HHNUMBER OF HH 1,427 10,119 19,081
MED. HH VALUEMED. HH VALUE $74,339 $139,878 $150,487
TRTRAFFICAFFIC CCARAROLINE STOLINE ST DOGDOGWOOD DRWOOD DR STEWSTEWARART STT ST
VEHICLES PER DAYVEHICLES PER DAY ±37,000/day ±22,500/day ±16,300/day
CHURCH'S CHICKENCHURCH'S CHICKEN MILTON, FLORIDAMILTON, FLORIDA
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Retail Investment Group has not verified, and will not verify, any of the information contained herein, nor has Retail Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding theaccuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
RETRETAIL INVESTMENT GRAIL INVESTMENT GROUP, LLOUP, LLCC | 8255 E RAINTREE DR SUITE 100 | SCOTTSDALE, AZ 85260 | 480.429.4580 | RETAIL1031.COM
S T E V E N DS T E V E N D AA V I SV I S
Managing Member
480.429.4580
AZ #BR101032000
S E A N S T E P H E N S O NS E A N S T E P H E N S O N
Senior Associate
480.429.4580
AZ #SA672380000
A N D R E W T H O M AA N D R E W T H O M A S K N I G H TS K N I G H T
Broker of Record
FL #BK 3287452
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