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Restaurant

Slim Chickens

4641 S Cochise Dr, Independence, MO 64055

Listing Price: $3,016,400

Cap Rate
5.75%
Tenant Name
3Pointe Restaurant Group – Slims Independence, LLC
Years Remaining On Lease
15.9
Guarantor
Franchisee Guarantee
Rentable SF
3,185
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.46

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Slim Chickens located at 4641 Cochise Drive in Independence, Missouri. Built in 2014, the property consists of approximately 3,185 square feet of building space and is situated on roughly 0.75 acres of land. The Slim Chickens is subject to a 22-year absolute triple-net (NNN) lease, which commenced August 3rd, 2015. The current annual rent is $173,443 and is scheduled to increase by one and a half percent (1.50%) annually starting in April 2027 and continue throughout the base term and in each of the four (4), five (5)-year renewal option.

Investment Highlights

  • Long-Term, 22-Year Absolute Triple Net (NNN) Lease With 16 Years Remaining
  • Strong Hedge Against Inflation | One and a Half Percent (1.50%) Annual Rental Increases Starting April 2027
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 42 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

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s) MO: 2013016939

    Missouri

Listing Price: $3,016,400

Cap Rate
5.75%
Tenant Name
3Pointe Restaurant Group – Slims Independence, LLC
Years Remaining On Lease
15.9
Guarantor
Franchisee Guarantee
Rentable SF
3,185
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.46

Investment Highlights

  • Long-Term, 22-Year Absolute Triple Net (NNN) Lease With 16 Years Remaining
  • Strong Hedge Against Inflation | One and a Half Percent (1.50%) Annual Rental Increases Starting April 2027
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 42 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Slim Chickens located at 4641 Cochise Drive in Independence, Missouri. Built in 2014, the property consists of approximately 3,185 square feet of building space and is situated on roughly 0.75 acres of land. The Slim Chickens is subject to a 22-year absolute triple-net (NNN) lease, which commenced August 3rd, 2015. The current annual rent is $173,443 and is scheduled to increase by one and a half percent (1.50%) annually starting in April 2027 and continue throughout the base term and in each of the four (4), 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

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s): MO: 2013016939

    Missouri

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