NEW 2021 CONSTRUCTION
- Chick-Fil-A has accepted pad delivery by the developer and is currently under construction with a goal of being open for business by the end of year.
STRONG CREDIT CORPORATE TENANT
- The Lease is backed by Chick-Fil-A, Inc. – One of the nation’s fastest growing restraint concepts with over 2,600 locations and an annual revenue of $13.7 billion.
- This location is expected to report sales of over $5,000,000 annually.
- 15-Year Lease with 8.00% rent increases every 5 years.
- Tenant is responsible for all aspects of building including Taxes, Insurance, CAM, Roof & Structure, Utilities, etc.
- Traverse City is visited by over $3.5 Million tourists annually with 10%+ growth since 2019.