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Views: 153 DOM: 178 Updated: 06.26.24 Posted: 06.26.24 Status: Active

Summary

Price $2,304,000
Built/Renov 2022
Tenant Smalls Sliders
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 800
Lease Start 08-01-2024
#Units 1
Price/SF $2,880.00
Expiration 07-31-2039
Tenant Type Fast Food/QSR
NOI $144,000
R. Term 14.7
Ownership Fee Simple
Rent/SF $180.00
Increases 10.0%/5/yrs
Pop 5Mi 141,887
Lot/AC 1.00
Options 3/5yrs/10%
AHHI 5Mi $69,306

Lease Highlights

  • New 2022 construction
  • Brand-new 15-year lease with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by McJunkins Restaurant Group | Speak with Agent for details

Location Description

Smalls Sliders is strategically located on Youree Drive, with access to 28,550 vehicles passing by daily. The property is situated in an excellent retail corridor, within walking distance to over 2.2 million square feet of retail space, including University Place, Kings Crossing, and Regal Shopping Center. Surrounding the area are well-known national tenants such as Sam’s Club, Best Buy, T.J....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Smalls Sliders
  • Guarantor:Franchisee
  • Company:McJunkins Restaurant Group
  • # Units:1
  • Stock:Private

About Tenant

Smalls Sliders is a rapidly growing quick-service restaurant chain specializing in cheeseburger sliders, waffle fries, and shakes. Known for its unique modular construction, the restaurant...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 7,322 59,467 135,243
2024 Total Population : 7,651 62,040 139,539
2024 Employed Civilian Pop : 3,560 31,119 62,252
2024 Total Businesses : 716 4,202 9,180
2024 Average Household Income : $ 97,986 $ 83,725 $ 73,516
2024 Total Consumer Spending : $ 310 M $ 2142 M $ 3961 M
2024 Median Age : 42 39 38
2024 Total Households : 3,623 28,866 60,641
2024 Pop Age 25+: Bachelor's Degree : 1,391 8,924 15,935
2024 Average Home Value : $ 265,532 $ 263,491 $ 230,089
*ESRI data is presented for informational purposes only

Listing Broker

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