Church’s Chicken

Overview

Church's Chicken is a United States fast food restaurant chain that is well known for its tasty fried chicken, and also trades outside North America and Asia under the name “Texas Chicken”. Originating from Atlanta, they have plans to expand new franchises with their successful chicken lineup.

Lowest Cap Rate

3.45%

Lowest cap rate over past 24 months

Average Cap Rate

4.59%

12 mo avg with 5+ yr lease term

Average Property & Lease
Average Sale Price $3,000,000 - $3,500,000
Average NOI $150,000 - $225,000
Building SF 3500
Lease Term 15 Years
Escalations 10% Every 5 Years
Stock Symbol CAPITALCOM:US500
CREDIT RATING
S&P

Moody's

Tenant Description

Church’s® Chicken and Texas Chicken® (the international brand name), has been one the fastest growing restaurant chains in the world that focus on delivering only the best in freshly prepared chicken. Whether Original or Spicy, expect your chicken to be double breaded and battered by hand. Well known products include Tender Strips® with home style sides and sandwiches that always delight. Not to mention honey buttered biscuits freshly made throughout the day.

First opened in San Antonio, Texas by George W. Church in 1952, Church’s Chicken is now ranked number 57 out of the top 100 in the well-known Nation’s Restaurant News. In 2016, it was reported that Church’s Chicken grossed close to $840 million in sales revenue in the United States for year ending 2015. In the U.S.A., there are over 1150 franchises alongside corporate owned retail locales spread out between twenty nine states.

At present, they have construction plans for ten locations in the Southeastern U.S. in the following five years. Church’s® Chicken operates in more than twenty five countries with a total of 1650 restaurants. This extends to include other global territories with revenues surpassing one billion dollars.

PROS
  • Multiple leasing extensions at 5 years a piece
  • Most leasing based in ground structuring
  • Elimination of landlord accountability via NNN leasing
CONS
  • Privately-held corporation
  • Review and analysis of franchisor performance recommended
COMPANY QUICK STATS
Founded 1927
Headquarters Dellas,Texas.USA
Number of Locations 78.029
Revenue $82.66 B
Company Website
Key Principal

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