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Restaurant

Slim Chickens - Town Madison

130 Outfield Dr, Madison, AL 35758

Listing Price: $3,890,909

Cap Rate
5.50%
Tenant Name
Slim Chickens
Years Remaining On Lease
14.2
Guarantor
Personal Guarantee
Rentable SF
2,800
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.72

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.

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

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Restaurant

Slim Chickens - Town Madison

Listing Price: $3,890,909

Cap Rate
5.50%
Tenant Name
Slim Chickens
Years Remaining On Lease
14.2
Guarantor
Personal Guarantee
Rentable SF
2,800
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.72

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

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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