Listed by CP Partners
$3,750,000
Slim Chickens
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,100
Cap Rate 6%
NOI $225,000
Occupancy 100%
Tenancy Single
Brand/Tenant Slim Chickens
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/31/2040
Rent Bumps Yes
Lease Options Five, 5-year
Year Built 2023
Acreage 1.100
Parking Spaces 31 spaces
Parking per 1,000 SqFt 10.00
Investment Type Net Lease
Lease Commencement 12/31/2025
Ground Lease No
Ten-Figure Net Worth Guarantor | Explosive Growth Dallas Submarket
Marketing description
Brand-new 15-year absolute net lease featuring 7.5% rental increases every 5 years and five, 5-year extension options. The tenant is a growing Slim Chickens franchisee currently operating 8 locations between San Antonio and Austin with a development agreement in place for over 45 total units.
Investment highlights
- Brand-new 15-year absolute net lease in the Dallas-Fort Worth MSA
- 7.5% rental increases every 5 years during the primary term and option periods
- 2023 build-to-suit construction with drive-thru
- High visibility on heavily trafficked retail thoroughfare – 38,000+ VPD
- Franchisee and personal guaranties – ten-figure net worth for the personal guarantor
- Explosive growth submarket – estimated 22-25% population growth within a 1, 3, and 5-mile radius of the subject property over the next 5 years
- Adjacent to Union House – a brand-new 322-unit apartment community with robust amenities
Listing Contacts
Listed by CP Partners
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$225,000.00
$18,750.00/mo
Valuation Metrics
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DSCR
6%
Cap Rate
6%
ROI
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