Slim Chickens - Absolute NNN | 16105 Chenal Pkwy
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Slim Chickens - Absolute NNN 16105 Chenal Pkwy
2,456 SF Retail Building Little Rock, AR 72223 $2,841,667 ($1,157/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN Lease - 10 Years Remaining on Lease Term - Passive Investment
- Situated in Prime Retail Area of West Little Rock - Outparcel to Kroger Marketplace
- Dixie Chickens, LLC - Largest Franchisee within the Slim Chickens System
- 10% Rental Escalations Every 5 Years - 2 Additional Five-Year Options
- Excellent Visibility and Multiple Access Points - Strong Daily Traffic Flow
Executive Summary
The Snyder Carlton Team is pleased to present an exceptional investment opportunity in a Slim Chickens located at 16105 Chenal Parkway in Little Rock, Arkansas. The property is equipped with approximately 10 years remaining on the initial term and 2, five (5) year option periods with 10% rental escalations every five years. This Slim Chickens is located within the prime retail area of west Little Rock. As an outparcel to Kroger Marketplace, the site has incredible visibility with multiple ingress and egress points that allow the strong daily traffic flow to maneuver efficiently. The surrounding neighborhoods are affluent, contributing to a stable customer base and consistent revenue for the tenant and providing a stable investment for the owner.
The franchisee is Dixie Chicken, LLC whom is the largest franchisee within the Slim Chickens system currently. They operate 15 stores in Arkansas and Alabama with more in the development pipeline. The management group is also affiliated with Wendy’s and operates over 50+ stores. Additionally, members of the ownership group have vast development rights to supplementary areas within the states of Alabama, Arkansas, Georgia, Louisiana and Texas.
The franchisee is Dixie Chicken, LLC whom is the largest franchisee within the Slim Chickens system currently. They operate 15 stores in Arkansas and Alabama with more in the development pipeline. The management group is also affiliated with Wendy’s and operates over 50+ stores. Additionally, members of the ownership group have vast development rights to supplementary areas within the states of Alabama, Arkansas, Georgia, Louisiana and Texas.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,456 SF
Building Class
B
Year Built
2019
Price
$2,841,667
Price Per SF
$1,157
Cap Rate
6%
NOI
$170,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.68 AC
Zoning
C-2
Frontage
236 FT on Chenal Parkway
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 54L-001-04-002-00 | Improvements Assessment | $198,089 |
| Land Assessment | $101,999 | Total Assessment | $300,088 |
PROPERTY TAXES
Parcel Number
54L-001-04-002-00
Land Assessment
$101,999
Improvements Assessment
$198,089
Total Assessment
$300,088
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Slim Chickens - Absolute NNN | 16105 Chenal Pkwy
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