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3201 Cloverdale Rd
Florence, AL 35633
SLIM CHICKENS – FLORENCE, AL · Retail Property For Sale
Investment Highlights
- LEASE: 17+ Years Remaining on Absolute NNN Lease with Attractive 7.50% Rental Escalations Every 5 Years!
- Continues to be the largest franchisee in the system by unit count (17 units total)!
- NEW CONSTRUCTION: New, High-Quality, Build-to-Suit Construction of Slim Chickens Latest Prototype with Double Drive-Thru!
- TENANT | LEASE GUARANTOR: Simply Slim AL, LLC owns & operates a total of 5 Slim Chicken locations across Alabama
- STRONG SALES PERFORMANCE: Successfully open & operating since 2023 with an attractive 8.13% Rent to Sales Ratio (YE 2024)!
- TRAFFIC COUNTS: Positioned on a ±0.93-Acre Lot with Great Visibility/ Access on Cloverdale Rd where Traffic Counts Exceed 23,680 CPD!
Executive Summary
(Building & Land) Fee Simple
In Association with Designated Broker:
Brian Brockman – Broker
License #: 119315
Bang Realty, Inc
bor@bangrealty.com
513-898-1551
In Association with Designated Broker:
Brian Brockman – Broker
License #: 119315
Bang Realty, Inc
bor@bangrealty.com
513-898-1551
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,570 SF
Building Class
B
Year Built
2023
Price
$4,109,108 CAD
Price Per SF
$1,151.01 CAD
Cap Rate
6.50%
NOI
$267,052 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.93 AC
Zoning
C - Commercial
Frontage
Amenities
- Restaurant
- Signage
Property Taxes
| Parcel Number | 15-08-27-3-003-003.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $469,550 CAD |
Property Taxes
Parcel Number
15-08-27-3-003-003.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$469,550 CAD
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