Slim Chickens,
Columbia, SC Investment Summary
| Price | $3,322,000 |
| Cap Rate | 6.00% |
| NOI | $199,302 |
| Lease Term | 20 years (19 years remaining) |
| Lease Type | Absolute NNN lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot |
| Rental Increases | 5% every five (5) years in initial period and option periods |
| Year Built | 2022 |
| Building Size | 3,892 SF |
| Lot Size | 1.11 acres (48,351 SF) |
| Status | Available |
| Lead Brokers | Vincent Aicale Vice Chairman 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Vice Chairman 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Michael T. Yuras, CCIM Vice Chairman 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
20-YEAR ABSOLUTE NNN LEASE WITH STRONG GUARANTEES
» 20-year absolute NNN lease with 5% scheduled rental increases every 5 years throughout the lease and option periods
» Slim Chickens is a fast-growing food brand with 181 locations across the United States
» Break Bread Ventures is a rapidly growing franchisee that has signed a franchise agreement to open 30 Slim Chickens locations in NC, SC, and VA
» Zero landlord management responsibilities, making this asset ideal for an out-of-area investor
WALMART OUTPARCEL ON A MAJOR RETAIL CORRIDOR
» Prominent location outparcel to Walmart Supercenter on Garners Ferry Road with 47,900 vehicles per day passing directly in front of the property
» Garners Ferry Road is a major retail corridor with major national retailers including Lowe’s, Tractor Supply Company, CVS, AutoZone, O’Reilly Auto Parts, ALDI, Chick-fil-A, Murphy USA, Taco Bell, Firestone, McDonald’s, and several others
» The subject property has convenient access to Interstate 77 with 85,500 vehicles per day passing by the property
CENTRAL LOCATION IN GROWING COLUMBIA, SC MARKET
» Strong location in Core Columbia Market just six miles from Downtown Columbia and the University of South Carolina, which has 53,000+ students and faculty, generates $6.2 billion in annual economic impact, and is associated with 63,689 jobs
» The surrounding area is affluent with an average household income over $97,000 within five miles of the property and is expected to grow by 12% over the next five years, poising Slim Chickens and Columbia for strong concurrent growth
» Slim Chickens has a strong immediate customer base with 89,000 residents living within five miles of the property
BRAND NEW HIGH-QUALITY 2022 CONSTRUCTION FEATURING A DUAL-LANE DRIVE-THRU
» Brand new 2022 construction to tenant’s latest prototype featuring a dual-lane drive-thru and pylon sign for additional visibility on Garners Ferry Road
Property Description
» 20-year absolute NNN lease with 5%scheduled rental increases every five years throughout the lease and option periods
» Prominent location outparcel to Walmart Supercenter on Garners Ferry Road with 47,900 vehicles per day passing directly in front of the property
» Strong location in Core Columbia Market just six miles from Downtown Columbia and the University of South Carolina, which has 53,000+ students and faculty, generates $6.2 billion in annual economic impact, and is associated with 63,689 jobs
» Slim Chickens is a fast-growing food brand with 181 locations across the United States
» Garners Ferry Road is a major retail corridor with major national retailers including Lowe’s, Tractor Supply Company, CVS, AutoZone, O’Reilly Auto Parts, ALDI, Chick-fil-A, Murphy USA, Taco Bell, Firestone, McDonald’s, and several others
» Brand new 2022 construction to tenant’s latest prototype featuring a dual-lane drive-thru and pylon sign for additional visibility on Garners Ferry Road
