•	Opportunity to acquire NNN Investment real estate – Tenant is Church’s Chicken with store sales well above the national average
•	More than 9 years remaining on the 15-year lease term with 1 (5-year) option period to extend
•	3% annual rent increases
•	Located in the heart of a dense retail trade area
•	Enterprise zones offer a variety of tax incentives
•	Tenant pays for CAM, taxes, and insurance
•	No landlord responsibilities
•	Ideal, management-free investment for a passive investor
•	Personal guarantee of lease from operators

Offering Memorandum

•	Site is positioned along Minnesota Ave. NE, a major thoroughfare traveling throughout Washington D.C, averaging 18,900 vehicles passing by daily
•	Approximately 0.5 miles away from the on/off ramps to State Highway 295, with over 151,800 vehicles passing by daily
•	Clear monument signage providing excellent store visibility
•	Site benefits from multiple points of ingress/egress
•	The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Safeway, CVS, 7-Eleven, Chase and more
•	Strong tenant synergy increases consumer draw to the trade area and promotes crossover shopping to the subject property
•	The asset is in close proximity to Friendship Collegiate School (715 students), Phelps High School (310 students), and Smothers Elementary School (232 students), further increasing consumer traffic to the area
•	More than 668,000 residents and 577,000 employees support the trade area
•	$136,156 average household income

Washington, D.C. - Church's Chicken

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<p>Ivy Kwon joined SRS Real Estate Partners in 2017 and is a Senior Marketing Associate in the Newport Beach office. Ivy is responsible for online marketing including social media and email marketing for SRS’ Capital Markets team. She also oversees pipeline management and coordinates events. Before joining SRS, Ivy worked in the entertainment industry doing marketing and merchandising. </p><p>Ivy has a BA degree from Chapman University. </p>

Demographics	1 Mile	3 Miles	5 Miles
Population	26,776	241,986	668,614
Average Household Income	$81,418	$134,724	$136,156

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Washington, D.C. - Church's Chicken

Description

Location

Demographics

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Contact

Andrew Fallon

Rick Fernandez