Investment Offering
Tenant: Fatz Cafe
Premises: 5058 SF
Renewal Options: 4 x 5
Lease Expiration: 03/31/2034
Lease Type: NNN
Rental Increases: 1.75% or 1.0 Times the Change in Price Index Annually
- New 20 year lease
- Absolute Net Lease – zero landlord responsibility
- Rare annual increases providing hedge for inflation
- Strong rent to sales ratio of under 8%
- Location benefits from highway visibility and access to interstate 40 within less than one mile
Tenant Overview
FATZ is a casual dining regional restaurant chain with locations in the Southeastern United States. It is operated by Cafe Enterprises, Inc., with headquarters in Taylors, South Carolina. The first Fatz opened November 1988 in a converted peach shed in Spartanburg, South Carolina; until 2011, it was known as Fatz Cafe. The chain avoids locations in large metropolitan areas and as of 2011, the chain has 48 locations in South Carolina, North Carolina, Georgia, Tennessee, and Virginia.
Area Overview
