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Restaurant

Slim Chickens

1100 E Hillside Dr, Broken Arrow, OK 74012

Listing Price: $3,250,831

Cap Rate
5.90%
Tenant Name
Slim Chickens
Years Remaining On Lease
13.0
Guarantor
Franchisee Guarantee
Rentable SF
2,992
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$64.10

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Slim Chickens located at 1100 E. Hillside Drive in Broken Arrow, Oklahoma. Built in 2015, the property consists of 2,992 square feet of building space and is situated on roughly 1.29 acres of land. The Slim Chickens is subject to a 15-year absolute triple-net lease, which commenced July 1st, 2019. The current annual rent is $191,799 and is scheduled to increase by one percent annually throughout the base term and in each of the three, five-year renewal option. Slim Chickens is one of the fastest growing fast casual restaurant chains in the United States. Founded in Fayetteville, Arkansas, Slim Chickens has grown to over seventy locations across Arkansas, Illinois, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, Oklahoma, South Dakota & Texas. Founded off of the desire to develop a southern casual dining, quick service restaurant concept focusing on fresh chicken recipes, Slim Chickens has had success delivering quality products to happy customers for over 15 years. Slim Chickens has experienced such success that its revenue share has increased tenfold. From 2013 to 2018, Slim Chickens reported revenue has grown from $20 million to nearly $100 million. Slim Chickens is one of the fastest growing fast casual restaurant chains in the United States. Founded in Fayetteville, Arkansas, Slim Chickens has grown to over seventy locations across Arkansas, Illinois, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, Oklahoma, South Dakota & Texas. Founded off of the desire to develop a southern casual dining, quick service restaurant concept focusing on fresh chicken recipes, Slim Chickens has had success delivering quality products to happy customers for over 15 years. Slim Chickens has experienced such success that its revenue share has increased tenfold. From 2013 to 2017, Slim Chickens reported revenue has grown from $20 million to nearly $100 million.

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net Lease With 13.5 Years Remaining
  • Strong Hedge Against Inflation | One Percent Annual Rental Increases
  • Three, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Listing Price: $3,250,831

Cap Rate
5.90%
Tenant Name
Slim Chickens
Years Remaining On Lease
13.0
Guarantor
Franchisee Guarantee
Rentable SF
2,992
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$64.10

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net Lease With 13.5 Years Remaining
  • Strong Hedge Against Inflation | One Percent Annual Rental Increases
  • Three, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Slim Chickens located at 1100 E. Hillside Drive in Broken Arrow, Oklahoma. Built in 2015, the property consists of 2,992 square feet of building space and is situated on roughly 1.29 acres of land. The Slim Chickens is subject to a 15-year absolute triple-net lease, which commenced July 1st, 2019. The current annual rent is $191,799 and is scheduled to increase by one percent annually throughout the base term and in each of the three, five-year renewal option. Slim Chickens is one of the fastest growing fast casual restaurant chains in the United States. Founded in Fayetteville, Arkansas, Slim Chickens has grown to over seventy locations across Arkansas, Illinois, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, Oklahoma, South Dakota & Texas. Founded off of the desire to develop a southern casual dining, quick service restaurant concept focusing on fresh chicken recipes, Slim Chickens has had success delivering quality products to happy customers for over 15 years. Slim Chickens has experienced such success that its revenue share has increased tenfold. From 2013 to 2018, Slim Chickens reported revenue has grown from $20 million to nearly $100 million. Slim Chickens is one of the fastest growing fast casual restaurant chains in the United States. Founded in Fayetteville, Arkansas, Slim Chickens has grown to over seventy locations across Arkansas, Illinois, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, Oklahoma, South Dakota & Texas. Founded off of the desire to develop a southern casual dining, quick service restaurant concept focusing on fresh chicken recipes, Slim Chickens has had success delivering quality products to happy customers for over 15 years. Slim Chickens has experienced such success that its revenue share has increased tenfold. From 2013 to 2017, Slim Chickens reported revenue has grown from $20 million to nearly $100 million.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

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