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SLIM CHICKENS (20 Yr NNN w/ LARGEST OPERATOR) 3201 Cloverdale Rd 3,570 SF Retail Building Florence, AL 35633 $4,089,204 CAD ($1,145.44 CAD/SF) 6.50% Cap Rate
Investment Highlights
- LEASE: 17+ Years Remaining on Absolute NNN Lease with Attractive 7.50% Rental Escalations Every 5 Years!
- 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!
- TENANT | LEASE GUARANTOR: Simply Slim AL, LLC owns & operates a total of 5 Slim Chicken locations across Alabama
- NEW CONSTRUCTION: New, High-Quality, Build-to-Suit Construction of Slim Chickens Latest Prototype with Double Drive-Thru!
- 2025 DEMOGRAPHICS: Total Population (5-MI): 49,984 | Average Household Income (1-MI): $86,329
Executive Summary
Property Facts
Amenities
- Restaurant
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Mar 2043
Slim Chickens began in 2003 in Fayetteville, Arkansas, and was founded by Greg Smart and Tom Gordon. The company started with a simple concept centered on hand-breaded chicken tenders made with fresh ingredients, and that approach still shapes the brand today. Slim Chickens operates as a fast-casual restaurant chain with a menu that includes tenders, wings, sandwiches, wraps, salads, chicken and waffles, sides, sweets, shakes, and catering. The company has expanded beyond its Arkansas roots into a broader restaurant network with locations in the United States and select international markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | Mar 2043 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-08-27-3-003-003.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $469,169 CAD |
Property Taxes
Presented by
SLIM CHICKENS (20 Yr NNN w/ LARGEST OPERATOR) | 3201 Cloverdale Rd
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