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Restaurant

Slim Chickens w/ Favorable 2% Annual Increases | 20 Year Abs. Net Sale Leaseback | 2025 Construction

1588 AL-210, Dothan, AL 36301

Listing Price: $2,880,000

Cap Rate
6.25%
Tenant Name
Slim Chickens
Years Remaining On Lease
20.1
Gross SF
2,800
Guarantor
Corporate Guarantee
Rentable SF
2,800
Price/Gross SF
$1,028.57
Lease Type
Absolute Net
Rent Per Square Feet
$64.29

Investment Overview

Dothan, Alabama, known as the “Gateway to the Gulf,” is the largest city in Southeast Alabama and the primary economic hub for the tri-state region serving Alabama, Georgia, and Florida. With a population exceeding 150,000 across the metropolitan area, Dothan supports a thriving retail, healthcare, and manufacturing base that drives consistent consumer demand and long-term economic stability.

The subject property is ideally situated within a Publix-anchored retail center along AL-210 (Ross Clark Circle), Dothan’s dominant east–west thoroughfare connecting major residential neighborhoods to the city’s primary commercial core. Publix serves as a major regional traffic generator, drawing thousands of weekly visitors to the center and providing unmatched cross-shopping exposure for surrounding tenants. The center benefits from strong co-tenancy and easy accessibility via multiple ingress/egress points and signalized intersections.

Within a three-mile radius, the area boasts average household incomes exceeding $75,000 and a growing residential population supported by nearby schools, healthcare facilities, and employment centers. Southeast Health Medical Center, Wallace Community College, and the Alabama College of Osteopathic Medicine anchor the local economy and provide a steady daytime population.

Dothan’s strategic location along U.S. Highway 231—a major corridor linking Montgomery to Florida’s Gulf Coast—positions it as both a commuter hub and a regional stop for travelers, retailers, and quick-service restaurants. Continued retail expansion along AL-210, coupled with Alabama’s favorable tax climate and low cost of ownership, reinforces Dothan’s standing as one of the Southeast’s most attractive secondary investment markets. The property’s Publix-anchored setting, strong demographics, and high-traffic visibility combine to deliver enduring value and long-term stability for investors.

Investment Highlights

  • 20 Year Absolute Net Sale Leaseback (Zero Landlord Obligations) featuring 2% Annual Rental Increases throughout the Initial Term and Options. Brand New 2025 High Quality Construction.
  • High-Visibility Corner Location Along AL-210 – Dothan's Main East-West Artery Connecting Residential Neighborhoods to Major Retail Hubs and Regional Employment Centers w/ 30k+ Vehicles Passing Daily.
  • In Close Proximity to U.S. Highway 231 Connecting Dothan to Montgomery and Florida's Gulf Coast – Key Travel Route for Regional Traffic.
  • Within Cottonwood Corners - a 69k+ Sq.Ft. Community Shopping Center Anchored by the City's first Publix Supermarket, Providing Exceptional Built-In Traffic from one of the Region's most Recognized and High-Performing Grocery Brands.
  • Located Minutes from Troy University's Dothan Campus and Wallace Community College – Strong Student, Faculty, and Visitor Base Supporting Consistent Dining and Takeout Demand.
  • Situated in Alabama's Fastest-Growing Micropolitan Area with Strong Demographic Fundamentals and Expanding Retail Base.
  • Near Major Employers including Michelin North America, Wayne Farms, and Alabama College Of Osteopathic Medicine – Ensuring Steady Daytime Traffic.
  • Population Growth of over 6% in the Past Decade – Supported by Influx of Families and Professionals Seeking Affordable, High-Quality Lifestyle. Less than two Miles from Southeast Health Medical Center – 420-Bed Regional Hospital Employing Over 3,000 Healthcare Professionals Generating Daily Dining Demand.

Broker of Record

  • Eddie Greenhalgh

    Senior Managing Director Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Restaurant

Slim Chickens w/ Favorable 2% Annual Increases | 20 Year Abs. Net Sale Leaseback | 2025 Construction

Listing Price: $2,880,000

Cap Rate
6.25%
Tenant Name
Slim Chickens
Years Remaining On Lease
20.1
Gross SF
2,800
Guarantor
Corporate Guarantee
Rentable SF
2,800
Price/Gross SF
$1,028.57
Lease Type
Absolute Net
Rent Per Square Feet
$64.29

Investment Highlights

  • 20 Year Absolute Net Sale Leaseback (Zero Landlord Obligations) featuring 2% Annual Rental Increases throughout the Initial Term and Options. Brand New 2025 High Quality Construction.
  • High-Visibility Corner Location Along AL-210 – Dothan's Main East-West Artery Connecting Residential Neighborhoods to Major Retail Hubs and Regional Employment Centers w/ 30k+ Vehicles Passing Daily.
  • In Close Proximity to U.S. Highway 231 Connecting Dothan to Montgomery and Florida's Gulf Coast – Key Travel Route for Regional Traffic.
  • Within Cottonwood Corners - a 69k+ Sq.Ft. Community Shopping Center Anchored by the City's first Publix Supermarket, Providing Exceptional Built-In Traffic from one of the Region's most Recognized and High-Performing Grocery Brands.
  • Located Minutes from Troy University's Dothan Campus and Wallace Community College – Strong Student, Faculty, and Visitor Base Supporting Consistent Dining and Takeout Demand.
  • Situated in Alabama's Fastest-Growing Micropolitan Area with Strong Demographic Fundamentals and Expanding Retail Base.
  • Near Major Employers including Michelin North America, Wayne Farms, and Alabama College Of Osteopathic Medicine – Ensuring Steady Daytime Traffic.
  • Population Growth of over 6% in the Past Decade – Supported by Influx of Families and Professionals Seeking Affordable, High-Quality Lifestyle. Less than two Miles from Southeast Health Medical Center – 420-Bed Regional Hospital Employing Over 3,000 Healthcare Professionals Generating Daily Dining Demand.

Investment Overview

Dothan, Alabama, known as the “Gateway to the Gulf,” is the largest city in Southeast Alabama and the primary economic hub for the tri-state region serving Alabama, Georgia, and Florida. With a population exceeding 150,000 across the metropolitan area, Dothan supports a thriving retail, healthcare, and manufacturing base that drives consistent consumer demand and long-term economic stability. The subject property is ideally situated within a Publix-anchored retail center along AL-210 (Ross Clark Circle), Dothan’s dominant east–west thoroughfare connecting major residential neighborhoods to the city’s primary commercial core. Publix serves as a major regional traffic generator, drawing thousands of weekly visitors to the center and providing unmatched cross-shopping exposure for surrounding tenants. The center benefits from strong co-tenancy and easy accessibility via multiple ingress/egress points and signalized intersections. Within a three-mile radius, the area boasts average household incomes exceeding $75,000 and a growing residential population supported by nearby schools, healthcare facilities, and employment centers. Southeast Health Medical Center, Wallace Community College, and the Alabama College of Osteopathic Medicine anchor the local economy and provide a steady daytime population. Dothan’s strategic location along U.S. Highway 231—a major corridor linking Montgomery to Florida’s Gulf Coast—positions it as both a commuter hub and a regional stop for travelers, retailers, and quick-service restaurants. Continued retail expansion along AL-210, coupled with Alabama’s favorable tax climate and low cost of ownership, reinforces Dothan’s standing as one of the Southeast’s most attractive secondary investment markets. The property’s Publix-anchored setting, strong demographics, and high-traffic visibility combine to deliver enduring value and long-term stability for investors.

Broker of Record

  • Eddie Greenhalgh

    Senior Managing Director Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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