•	Chick-fil-A has over 15 years remaining with 8 (5-year) options to extend, demonstrating the tenant’s long-term commitment to the site
•	The lease features a 12.5% rental increase in Year 11, a 10% increase in year 16 and 10% increases at the beginning of each option period
•	The lease features a corporate guaranty from Chick-fil-A, Inc., a private corporation with more than 3,228 locations under operation nationwide
•	Chick-fil-A, in its annual FDD, revealed it generated $22.7 billion in U.S. systemwide sales in 2024

Offering Memorandum

•	The site is ideally located at the signalized, hard corner intersection of Tonnelle Ave, which averages over 35,900 vehicles passing by daily
•	The subject property benefits from nearby direct on/off ramp access to Interstate 95, a major thoroughfare averaging over 72,300 vehicles per day
•	The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers

North Bergen, NJ - Chick-fil-A

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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>

Ivy Kwon

Senior Marketing Associate

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North Bergen, NJ - Chick-fil-A

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Kyle Fant