STNL Slim Chickens
20-Year Absolute NNN Lease
Marketing description
Colliers is pleased to exclusively offer for sale an Absolute NNN STNL Slim Chickens located within the dense and rapidly expanding Craig Road Corridor in North Las Vegas, Nevada. The property consists of a ±3,856 SF freestanding building with drive-thru and benefits from a 20-year lease with a personal guaranty from a strong operator with over 50 years of restaurant and franchise experience.
This newly constructed building is located at the high traffic signalized intersection of W Craig Rd. and Simmons St. and is strategically positioned to capture continually increasing traffic counts currently exceeding ±64,700 VPD. The building is ±4-miles west of the I-15 Freeway, adding an additional ±150,000 VPD. The asset is adjacent to a Better Buzz Coffee and benefits from nearby co-tenancy including national retailers such as Walmart, Home Depot, Smart & Final, Smith’s, ALDI, Chick-fil-A, and more.
The property services a dense and underserved trade consisting of ±454,536 residents with an average household income of $95,973 within a 5-mile radius and benefits from proximity to Nellis Air Force Base (±12,000 military/civilian personnel) and the Cannery Hotel & Casino (±800 employees) with a nearby daytime population exceeding ±378,396 residents.
Investment highlights
Absolute NNN Lease | Experienced Operator
• 20-year absolute NNN lease with four 5-year extensions
• Rental increases every 5 years, including options
• Franchisee has over 50 years of experience and operates 26 Slim Chickens, Denny’s, and Del Taco
Strong Traffic & Visibility | High Growth Trade Area
• Excellent frontage on W Craig Rd. with traffic counts exceeding (±64,700 VPD)
• Strategically located in close proximity to the I-15 Freeway (±150,000 VPD)
• Over 13,000 homes planned or under construction within a 5-mile radius
Strategic Location | Strong Nearby Demand Drivers
• Nearby national tenants include Walmart, Home Depot, Smart & Final, Smith’s, ALDI, Chick-fil-A, and more
• Located near Craig Ranch National Park (170-Acre Park), Cheyenne High School (2,000 students), and Hylo Park (720-Acre mixed use development)
Other nearby points of interest include:
• Cannery Hotel & Casino (±201 rooms)
• Santa Fe Hotel & Casino (200 rooms)
• Las Vegas Motor Speedway
Dense Residential Base | Underserved Demographics
• The property services a dense and underserved immediate trade area with ±454,536 residents and an average household income of $95,973 within a 5-mile radius
• Daytime population exceeds ±378,396 within 5-miles benefitting from proximity to Nellis Air Force Base (±12,000 military and civilian personnel) and the Cannery Hotel and Casino (±800 employees)
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