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Restaurant

Slim Chickens

948 Concord Pkwy N, Concord, NC 28027

Listing Price: $3,452,000

Cap Rate
6.75%
Tenant Name
BBV-Concord Parkway North (Concord), LLC
Years Remaining On Lease
18.6
Gross SF
4,081
Guarantor
Franchisee Guarantee
Rentable SF
4,081
Price/Gross SF
$845.87
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.09

Investment Overview

Marcus & Millichap is pleased to present for sale Slim Chickens in Concord, North Carolina. Slim Chickens is a fast-casual restaurant chain that serves a menu of chicken tenders, wings, sandwiches and salads, along with chicken and waffles and sides such as fried pickles and fried okra. Founded in 2003, the company is based in Fayetteville, Arkansas and has over 225 locations throughout the U.S. and U.K., with more than 1,100 restaurants in development.

Concord is the county seat of North Carolina's Cabarrus County. With a population of 105,240 residents, Concord is the second-most populous city in the Charlotte metropolitan area. Located in the Piedmont region, the city is 20 miles northeast of Uptown Charlotte. Concord is home to some of North Carolina's top tourist destinations, including NASCAR's Charlotte Motor Speedway and Concord Mills.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Multi-Unit Franchisee
  • Five Percent Rental Increases Every Five Years
  • New High-Quality 2023 Renovation
  • 103,982 Residents within a Five-Mile Radius in the Charlotte MSA - Households and Population Projected to Increase Roughly Seven Percent by 2027
  • Outparcel to Lowe's Home Improvement
  • Excellent Access and Visibility Along Concord Parkway North (31,500 Cars per Day)
  • Dense Retail Corridor Location, Surrounded by National Retailers and Down the Road from Carolina Mall
  • Less Than Two Miles from the I-85 Freeway, a Significant Connector in the Area with Direct Access to Charlotte

Exclusively Listed By

Financing By

Restaurant

Slim Chickens

Listing Price: $3,452,000

Cap Rate
6.75%
Tenant Name
BBV-Concord Parkway North (Concord), LLC
Years Remaining On Lease
18.6
Gross SF
4,081
Guarantor
Franchisee Guarantee
Rentable SF
4,081
Price/Gross SF
$845.87
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.09

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Multi-Unit Franchisee
  • Five Percent Rental Increases Every Five Years
  • New High-Quality 2023 Renovation
  • 103,982 Residents within a Five-Mile Radius in the Charlotte MSA - Households and Population Projected to Increase Roughly Seven Percent by 2027
  • Outparcel to Lowe's Home Improvement
  • Excellent Access and Visibility Along Concord Parkway North (31,500 Cars per Day)
  • Dense Retail Corridor Location, Surrounded by National Retailers and Down the Road from Carolina Mall
  • Less Than Two Miles from the I-85 Freeway, a Significant Connector in the Area with Direct Access to Charlotte

Investment Overview

Marcus & Millichap is pleased to present for sale Slim Chickens in Concord, North Carolina. Slim Chickens is a fast-casual restaurant chain that serves a menu of chicken tenders, wings, sandwiches and salads, along with chicken and waffles and sides such as fried pickles and fried okra. Founded in 2003, the company is based in Fayetteville, Arkansas and has over 225 locations throughout the U.S. and U.K., with more than 1,100 restaurants in development. Concord is the county seat of North Carolina's Cabarrus County. With a population of 105,240 residents, Concord is the second-most populous city in the Charlotte metropolitan area. Located in the Piedmont region, the city is 20 miles northeast of Uptown Charlotte. Concord is home to some of North Carolina's top tourist destinations, including NASCAR's Charlotte Motor Speedway and Concord Mills.

Exclusively Listed By

Financing By

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