Slim Chickens

2200 East Main Street, Russellville, AR 72802

$2,772,358

Cap Rate 6.15%

Views: 49 DOM: 60 Updated: 10.22.24 Posted: 10.22.24 Status: Active

Summary

Price $2,772,358	Built/Renov 2020	Tenant Slim Chickens
Cap Rate 6.15%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,600	Lease Start 05-15-2020	#Units 15
Price/SF $1,066.29	Expiration 05-31-2035	Tenant Type Fast Casual/Rest.
NOI $170,500	R. Term 10.5	Ownership Fee Simple
Rent/SF $65.58	Increases 10.0%/5/yrs	Pop 5Mi 40,220
Lot/AC 1.03	Options 2/5yrs/10%	AHHI 5Mi $76,720

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 Main Street, with access to 24,000 vehicles passing by daily. The property is surrounded by notable national retailers such as Burger King, Dairy Queen, O'Reilly Auto Parts, Take 5 Oil Change, and more. Additionally, the subject property is located within minutes of Arkansas Tech University, enhancing its accessibility and appeal to the local student...

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Key Features

Dense retail corridor
Near major nationals
Strategically located
Freeway close
Highway location
University college close
Strong tenant synergy
Absolute NNN
Long 10+ yr lease
Personal guarantee

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Links

Slim Chickens Wikipedia Slim Chickens Wikipedia Russellville, Arkansas Zip Code 72802 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
23596 Views
59 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
25377 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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