Slim Chickens | 15 Year Absolute NNN 11594 Memorial Pky SW 3,044 SF Retail Building Huntsville, AL 35803 $3,250,000 ($1,067.67/SF) 6% Cap Rate

ALABAMA BROKER OF RECORD - SPENCER AKIN - Capital Growth Real Estate - License No. 000083270-0
Faris Lee Investments is pleased to present the opportunity to acquire fee simple interest in a new, drive-thru Slim Chickens property located within affluent Huntsville AL. Constructed in 2022, the subject property has over three years of operating history and proven performance within the trade area. A long-term, 15-year Absolute NNN lease will commence at the close of escrow, with 10% rental increases every five years providing investors strong income growth and an effective hedge against inflation. This investment opportunity conveys fee simple interest with both land and building ownership, allowing investors to capture potential depreciation and cost segregation benefits. The property’s modern drive-thru design includes a split two-lane configuration to efficiently handle peak demand and customer order flow, supporting a pandemic and internet-resistant service model. Positioned adjacent to a Walmart Supercenter-anchored shopping center on Memorial Parkway (+/-45,000 VPD), this asset represents an ideal opportunity for a passive or 1031 exchange investor seeking a high-quality, QSR investment property with zero landlord responsibilities.
Slim Chickens is one of the primary fast-casual QSR brands redefining the premium chicken segment. Highly sought after for its fresh, hand-breaded chicken tenders, made-to-order meals, and Southern-inspired hospitality, Slim Chickens continues to expand rapidly across the United States and internationally. Founded in Fayetteville, Arkansas in 2003, the brand has grown into a nationally-recognized franchise concept with a strong multi-unit development pipeline. Slim Chickens differentiates itself through quality ingredients, multiple sauces, and a consistent guest experience that blends fast service with sit-down quality. Its versatile restaurant format, strong franchise demand, and customer base positions the brand as one of the top growth concepts in the fast-casual chicken category.
The subject property is located within the high-growth Huntsville AL market, known nationally as “Rocket City USA” for its concentration of aerospace, defense, and advanced technology employers. The site occupies a dominant hard-corner parcel along Memorial Parkway with multiple points of ingress and egress from two thoroughfares, out-positioning the majority of QSR competition in the immediate trade area. The adjacent Walmart Supercenter generated approximately 2.0 million visits in the last 12 months (Placer.ai), and the trade area is supported by more than 27,000 homes within a five-mile radius, totaling over 64,000 residents with an average household income of $124,700 dollars. The city of Huntsville has grown a remarkable 16% since the 2020 Census and continues to benefit from major public and private investment, including the recent relocation of U.S. Space Command headquarters and Eli Lilly’s $6 Billion dollar manufacturing investment. Backed by Alabama’s pro-business environment, strong job base, and national defense presence, this Absolute NNN, fee-simple Slim Chickens offering represents a premier opportunity to acquire a drive-thru QSR asset in one of the Southeast’s most rapidly expanding markets.