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
Lowest cap rate over past 24 months
Average Cap Rate
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|
|Lease Term||15 Years|
|Escalations||10% Every 5 Years|
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.
- Multiple leasing extensions at 5 years a piece
- Most leasing based in ground structuring
- Elimination of landlord accountability via NNN leasing
- Privately-held corporation
- Review and analysis of franchisor performance recommended