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Slim Chickens 750 Union Pl 3,100 SF Retail Building Aubrey, TX 76227 $3,750,000 ($1,209.68/SF) 6% Cap Rate
Investment Highlights
- Brand-new 15-year absolute net lease in the Dallas-Fort Worth MSA
- 2023 build-to-suit construction with drive-thru
- 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
- 7.5% rental increases every 5 years during the primary term and option periods
- High visibility on heavily trafficked retail thoroughfare – 38,000+ VPD
- Adjacent to Union House – a brand-new 322-unit apartment community with robust amenities
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,100 SF
Building Class
B
Year Built
2023
Price
$3,750,000
Price Per SF
$1,209.68
Cap Rate
6%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.10 AC
Parking
31 Spaces (10 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | R1009895 | Improvements Assessment | $858,600 |
| Land Assessment | $1,441,400 | Total Assessment | $2,300,000 |
Property Taxes
Parcel Number
R1009895
Land Assessment
$1,441,400
Improvements Assessment
$858,600
Total Assessment
$2,300,000
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Slim Chickens | 750 Union Pl
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