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Slim Chickens | 8+yrs Remain Abs NNN w/ Incrs 1420 Precinct Line Rd 3,612 SF Retail Building Hurst, TX 76053 $3,484,000 ($964.56/SF) 6% Cap Rate
Investment Highlights
- Franchisee Guaranteed Lease | Options To Extend | Scheduled Rental Increases
- Outparcel to Target Anchored Center | Shops at North East Mall | State Highway 121 & 183 (207,700 VPD)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Slim Chickens franchisee (4-unit operator) guaranteed lease
• Over 8 years remaining with 5 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• Over 8 years remaining with 5 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,612 SF
Building Class
B
Year Built
2016
Price
$3,484,000
Price Per SF
$964.56
Cap Rate
6%
NOI
$209,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.10 AC
Zoning
GB - General Business District
Parking
57 Spaces (15.78 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Signage
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Slim Chickens began in 2003 in Fayetteville, Arkansas, and was founded by Greg Smart and Tom Gordon. The company started with a simple concept centered on hand-breaded chicken tenders made with fresh ingredients, and that approach still shapes the brand today. Slim Chickens operates as a fast-casual restaurant chain with a menu that includes tenders, wings, sandwiches, wraps, salads, chicken and waffles, sides, sweets, shakes, and catering. The company has expanded beyond its Arkansas roots into a broader restaurant network with locations in the United States and select international markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 42181419 | Improvements Assessment | $794,889 |
| Land Assessment | $575,736 | Total Assessment | $1,370,625 |
Property Taxes
Parcel Number
42181419
Land Assessment
$575,736
Improvements Assessment
$794,889
Total Assessment
$1,370,625
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