Slim Chickens

16105 Chenal Parkway, Little Rock, AR 72223

$2,841,667

Cap Rate 6.00%

Views: 54 DOM: 60 Updated: 10.22.24 Posted: 10.22.24 Status: Active

Summary

Price $2,841,667	Built/Renov 2019	Tenant Slim Chickens
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,456	Lease Start 12-18-2019	#Units 15
Price/SF $1,157.03	Expiration 12-31-2034	Tenant Type Fast Casual/Rest.
NOI $170,500	R. Term 10.0	Ownership Fee Simple
Rent/SF $69.42	Increases 10.0%/5/yrs	Pop 5Mi 89,903
Lot/AC 0.65	Options 2/5yrs/10%	AHHI 5Mi $127,651

Lease Highlights

Slim Chickens has 10-years remaining on the current lease term with 2 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and at the start of each option period
Absolute NNN lease | Zero landlord responsibilities
Dixie Chickens, LLC | Largest Franchisee within the Slim Chickens system

Location Description

Slim Chickens is strategically located on Chenal Parkway, with access to 35,000 vehicles passing by daily. The property is surrounded by prominent national retailers, including Walgreens, Arby's, Marshalls, Five Below, Lowe's, and more. Nearby educational institutions include Don Roberts Elementary School, Joe T. Robinson Middle School, and Joe T. Robinson High School, among others. The 5-mile...

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Key Features

Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Freeway close
Strong tenant synergy
Top 100 MSA
Strong demographics
Affluent AHHI $100K 5 Mi
Long 10+ yr lease
Personal guarantee

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Links

Slim Chickens Wikipedia Slim Chickens Wikipedia Little Rock, Arkansas Zip Code 72223 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Slim Chickens
Guarantor:Franchisee
Company:Dixie Chicken, LLC
# Units:15
Stock:Private

About Tenant

Slim Chickens is a fast-casual restaurant chain specializing in hand-breaded chicken tenders, wings, chicken and waffles, chicken sandwiches, salads, wraps, and more. In 2003, the first corporate...

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Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
23606 Views
59 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
25387 Views
63 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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