Restaurant
Slim Chickens - 15+ Years Remaining
3900 Tower Rd, Aurora, CO 80011
Listing Price: $3,285,000
Cap Rate
5.75%
Tenant Name
Slim Chickens
Years Remaining On Lease
15.5
Guarantor
Franchisee Guarantee
Rentable SF
3,337
Lease Type
Absolute Net
Rent Per Square Feet
$56.58
Investment Overview
3900 Tower Rd, Aurora, CO
Slim Chickens - 15+ Years Remaining
Investment Highlights
- Absolute-Net Lease (Zero Landlord Responsibilities): 15.5 Years Currently Remain on the Lease with 10% Rental Increases Every Five Years Including the Four, 5-Year Options to Extend the Term.
- Excellent Visibility and Frontage: Situated on Tower Road Between Two Major Retail Centers, with a High Daily Traffic Count of Over 31,450 Vehicles.
- Strategic Positioning: Green Valley Ranch Neighborhood (11K Households) to the North & Industrial/Flex Office (1.6K Acres) to the South draw a significant daytime population of over 93K within a 3-mil
- Strong Guaranty: Mile High Chicken, LLC Operates 10 Slim Chickens Restaurants with Four Additional Sites to Open by Spring 2024.
- Proximity to Schools: Within a One-mile Radius, Five Schools Serve an Estimated 3,300+ Students, Contributing to Consistent Foot Traffic.
- Surrounded by Major Retailers: Close Proximity to Various Major Retailers such as Walmart, The Home Depot, Best Buy, and Many Others, Enhancing the Site's Visibility and Foot Traffic.
Broker of Record
Financing By
Listing Price: $3,285,000
Cap Rate
5.75%
Tenant Name
Slim Chickens
Years Remaining On Lease
15.5
Guarantor
Franchisee Guarantee
Rentable SF
3,337
Lease Type
Absolute Net
Rent Per Square Feet
$56.58
Investment Highlights
- Absolute-Net Lease (Zero Landlord Responsibilities): 15.5 Years Currently Remain on the Lease with 10% Rental Increases Every Five Years Including the Four, 5-Year Options to Extend the Term.
- Excellent Visibility and Frontage: Situated on Tower Road Between Two Major Retail Centers, with a High Daily Traffic Count of Over 31,450 Vehicles.
- Strategic Positioning: Green Valley Ranch Neighborhood (11K Households) to the North & Industrial/Flex Office (1.6K Acres) to the South draw a significant daytime population of over 93K within a 3-mil
- Strong Guaranty: Mile High Chicken, LLC Operates 10 Slim Chickens Restaurants with Four Additional Sites to Open by Spring 2024.
- Proximity to Schools: Within a One-mile Radius, Five Schools Serve an Estimated 3,300+ Students, Contributing to Consistent Foot Traffic.
- Surrounded by Major Retailers: Close Proximity to Various Major Retailers such as Walmart, The Home Depot, Best Buy, and Many Others, Enhancing the Site's Visibility and Foot Traffic.
Investment Overview
3900 Tower Rd, Aurora, CO
Broker of Record
-
Adam Lewis
First Vice President/Regional Manager
Financing By
