Restaurant
Slim Chickens - Town Madison
130 Outfield Dr, Madison, AL 35758
Listing Price: $3,890,909
Investment Overview
The Naran Group is pleased to offer for sale the Slim Chickens at Town Madison in Madison AL. The lease term is a new 15 year lease with two (2), Five year options with annual rental increases of 1.5%. This property is on a NNN lease structure. Slim Chickens is a growing brand with over 130 locations across the United States, England, and Kuwait. The company has an extensive development pipeline of over 500 new locations slated to open over the next five years. Huntsville/Madison Alabama is one of the fastest growing markets in the United States with over 23% population growth over the last ten years. Huntsville is again the home of NASA, US Space Force, and various other aerospace corporations. The average household income of $97,468 is mainly supplemented by the large engineering workforce in the immediate area.
Broker of Record
Financing By
Listing Price: $3,890,909
Investment Highlights
- Attractive Annual Rental Increases | Rent to be Increased 1.5% Annually
- Low Rent to Sales Ratio of 5.12%
- Strong Demographics - 23% Population Growth over the last 10 years
Investment Overview
The Naran Group is pleased to offer for sale the Slim Chickens at Town Madison in Madison AL. The lease term is a new 15 year lease with two (2), Five year options with annual rental increases of 1.5%. This property is on a NNN lease structure. Slim Chickens is a growing brand with over 130 locations across the United States, England, and Kuwait. The company has an extensive development pipeline of over 500 new locations slated to open over the next five years. Huntsville/Madison Alabama is one of the fastest growing markets in the United States with over 23% population growth over the last ten years. Huntsville is again the home of NASA, US Space Force, and various other aerospace corporations. The average household income of $97,468 is mainly supplemented by the large engineering workforce in the immediate area.
Broker of Record
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Eddie Greenhalgh
Senior Vice President Investments
Financing By
