Church’s Chicken

PROS

  • NNN lease eliminates landlord responsibilities
  • Increases in base term on most leases
  • Several lease extensions of five years each

CONS

  • Private company
  • Must look closely at performance of franchisor across all locations

Tenant Description

Church’s chicken was founded in 1952 in San Antonio, TX and is currently headquartered in Atlanta. It is one of the largest QSR chicken chains in the world. They are currently expanding throughout the Southeast.

What To Look For When Buying A Church’s Chicken

Rent To Sales Ratio, What Franchisee Is Guaranteeing The Lease

What We Like About Church’s Chicken

Complete NNN Long Term Leases, Increases in base term on most leases

Competition

Popeyes, KFC

What Is Sold In A Church’s Chicken

Church’s® specializes in Original and Spicy Chicken freshly prepared throughout the day in small batches that are hand-battered and double-breaded, Tender Strips®, sandwiches, honey-butter biscuits made from scratch and freshly baked, and classic, home-style sides all for a great value.

Church’s Chicken Website

https://www.churchs.com/

Corporate Office Location

980 Hammond Dr. Ne, Ste. 1100 – Atlanta, GA, 30328.

Fast Facts

Church’s® (along with its sister brand Texas Chicken® outside the Americas) operates 1,700+ locations in 30+ states.

System-wide are in excess of $1billion.

Church’s Chicken – Tenant News
Average Cap Rate Trend
6.50%
2019
6.25%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Average Sale Price $1,200,000
Avg. Rent$80,000
Avg. Price/ SF$400/SF
Typical Lease TypeTriple Net
Typical Lease Term20 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PN/A