Skip to main content

Restaurant

Slim Chickens

1100 E Hillside Dr, Broken Arrow, OK 74012

Listing Price: $3,398,544

Cap Rate
5.70%
Tenant Name
Slim Chickens
Years Remaining On Lease
12.7
Guarantor
Franchisee Guarantee
Rentable SF
2,992
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$64.74

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 (NNN) lease, which commenced July 1st, 2019. The current annual rent is $193,717 and is scheduled to increase by one percent (1.0%) annually throughout the base term and in each of the three (3), five (5)-year renewal option.

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease With 13 Years Remaining
  • Strong Hedge Against Inflation | One Percent (1.0%) Annual Rental Increases
  • Three (3), Five (5)-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

Financing By

Listing Price: $3,398,544

Cap Rate
5.70%
Tenant Name
Slim Chickens
Years Remaining On Lease
12.7
Guarantor
Franchisee Guarantee
Rentable SF
2,992
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$64.74

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease With 13 Years Remaining
  • Strong Hedge Against Inflation | One Percent (1.0%) Annual Rental Increases
  • Three (3), Five (5)-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 (NNN) lease, which commenced July 1st, 2019. The current annual rent is $193,717 and is scheduled to increase by one percent (1.0%) annually throughout the base term and in each of the three (3), five (5)-year renewal option.

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

Financing By

MM Texture Background
MM Textured Background Lower