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33317856
33317857

19524 South Interstate 35 Frontage Road, Kyle, TX 78640

DD
TX 656858
Marcus & Millichap - Austin
Listed by Marcus & Millichap - Austin
$3,583,333
3 days on market
Updated 3 days ago

Slim Chickens

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,835
Cap Rate 6%
NOI $215,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options Four (4), 5-Year Options
Price per SqFt $1,264
Class A
Year Built 2025
Buildings 1
Acreage 1.000
Zoning Commercial
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple

Brand New 20-Year Lease at COE | 2025 Construction | Exceptional Store Sales

Marketing description

Slim Chickens at 19524 S I-35 Frontage Rd., Kyle, TX offers investors a rare opportunity to acquire a brand-new 2025 construction asset secured by a newly signed 20-year absolute net lease commencing at close of escrow. This ±2,835 SF freestanding restaurant sits on 1.00 acre in one of Kyle’s fastest-growing retail corridors along I-35, surrounded by major national retailers, new multifamily development, and dense residential growth. The property features zero landlord responsibilities and attractive 7.5% rent increases every five years throughout the base term and four 5-year renewal options, creating long-term income growth. Backed by experienced franchisee Big Star Chicken, a top Slim Chickens operator in Texas with an aggressive multi-unit development pipeline, the asset combines durable cash flow with strong operator strength. Positioned in the path of growth between Austin and San Antonio, the site benefits from exceptional visibility and traffic, including more than 157,000 vehicles per day on I-35. The surrounding 5-mile population exceeds 119,000 and is projected to grow to more than 134,000 by 2030, reinforcing the property’s long-term real estate fundamentals.

Investment highlights

Brand New 20-Year Lease - Upon close of escrow, the property is secured by a newly signed 20-year lease agreement, providing a long-term commitment and stability for the tenant.

Absolute Net Lease - The lease is structured as an absolute net lease, meaning the tenant is responsible for all expenses, including property taxes, insurance, and maintenance.

Located in Retail Corridor - The property is strategically situated in a thriving retail corridor with huge developments in the last few years of both retail and residential.

Dense Population - The five-mile population count exceeds 113,000 and is projected to reach over 128,000 by 2029. There are also over 37,000 households within the same radius.

Experienced Franchisee - This operator has experienced exceptional success with the Slim Chickens brand, setting massive store sales figures on each of their new builds.

Listing Contacts

DD
TX 656858
Marcus & Millichap - Austin
Listed by Marcus & Millichap - Austin

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$215,000.00
$17,916.67/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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