Restaurant
Slim Chickens
7022 N Loop 1604 E, San Antonio, TX 78266
Listing Price: $3,750,000
Cap Rate
6.00%
Tenant Name
Slim Chickens
Years Remaining On Lease
10.7
Gross SF
2,835
Guarantor
Franchisee Guarantee
Rentable SF
2,835
Price/Gross SF
$1,322.75
Lease Type
Absolute Net
Rent Per Square Feet
$79.37
Investment Overview
See Highlights
Slim Chickens
Investment Highlights
- Brand new 20-year lease - Upon close of escrow, property is secured by a newly signed 20-year lease agreement, providing a long-term commitment and stability for the tenant.
- Absolute Net Lease - The lease is structured as an absolute net lease, meaning the tenant is responsible for all expenses, including property taxes, insurance, and maintenance.
- Located in Retail Corridor - The property is strategically situated in a thriving retail corridor. Nacogdoches Rd has seen huge developments in the last few years of a mix of retail and residential.
- Dense Population - The 5-mile population count exceeds 188,000 and is projected to reach over 192,000 by 2029. There is also over 71,000 households within 5-miles of the property.
- Experienced Franchisee - This operator has experienced exceptional success with the Slim Chickens brand, setting massive store sales figures on each of their new builds.
Exclusively Listed By
Listing Price: $3,750,000
Cap Rate
6.00%
Tenant Name
Slim Chickens
Years Remaining On Lease
10.7
Gross SF
2,835
Guarantor
Franchisee Guarantee
Rentable SF
2,835
Price/Gross SF
$1,322.75
Lease Type
Absolute Net
Rent Per Square Feet
$79.37
Investment Highlights
- Brand new 20-year lease - Upon close of escrow, property is secured by a newly signed 20-year lease agreement, providing a long-term commitment and stability for the tenant.
- Absolute Net Lease - The lease is structured as an absolute net lease, meaning the tenant is responsible for all expenses, including property taxes, insurance, and maintenance.
- Located in Retail Corridor - The property is strategically situated in a thriving retail corridor. Nacogdoches Rd has seen huge developments in the last few years of a mix of retail and residential.
- Dense Population - The 5-mile population count exceeds 188,000 and is projected to reach over 192,000 by 2029. There is also over 71,000 households within 5-miles of the property.
- Experienced Franchisee - This operator has experienced exceptional success with the Slim Chickens brand, setting massive store sales figures on each of their new builds.
Investment Overview
See Highlights
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
