12530 Bandera Rd
Helotes, TX 78023

Slim Chickens | New 20-Yr Abs NNN | Strong Sales SRS National Net Lease Group is pleased to present the rare opportunity to acquire Slim Chickens, an absolute NNN leased, investment property located in Helotes, Texas. The tenant, Slim Texas, LLC, recently signed a brand new 20-year lease, with 4 (5-year) option periods. The lease features 1.75% annual rental increases throughout the initial term and options. This Slim Chickens is operated by a franchisee with 140+ units across many different brands such as Applebee' s, Sonic and Roy' s Hawaiian. Slim Texas, LLC currently is operating the subject property, and is developing 2 new units with plans to open 20 other locations in the region. The lease is absolute NNN with zero landlord responsibilities, ideal for an out of state, passive investor. This location had their grand opening on May 15, 2017. The subject site is located near the signalized, hard corner intersection of Leslie Road and Bandera Road (36,000 VPD). The asset has excellent visibility & access along Bandera Road with prominent signage. The subject property is located on a dense retail corridor and is directly across from a Walmart anchored shopping center. In addition, the site is just 1 mile from a massive power center that includes national/credit tenants such as Target, Lowe' s, Kohl' s, H-E-B plus!, T.J. Maxx, Gold' s Gym and more. The 1-mile trade area has an affluent average household income of more than $107,000. The 5-mile trade area is supported by a dense population of approximately 204,000 with an average household income of $86,300.