What is the annual base use/occupancy fee payable to Chick Fil A as of the commencement date?

According to Chick Fil A's 2025 Franchise Disclosure Document, the annual base use/occupancy fee payable to Chick Fil A as of the commencement date is $0. However, this amount is subject to change based on specific circumstances outlined in the lease agreement.

For Chick Fil A locations subject to an underlying ground lease, the franchisee's monthly base rent is determined by dividing the total annual rent due under the ground lease by twelve. This monthly base rent may increase if the rent or other charges under the ground lease increase. In addition to rent, franchisees are also responsible for additional charges and expenses, including taxes and common area maintenance (CAM) charges.

It's important to note that the franchisee's obligations and rental payments may be subject to renewal or renegotiation with Chick Fil A during the term of the Franchise Agreement and the lease. As a result, monthly lease payments to Chick Fil A could change, including the calculation of base rent, percentage rent, and additional charges and expenses. The actual commencement date may also vary from the projected commencement date, which could impact the base rent and percentage rent terms.