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Slim Chickens | 12+yrs Remain Abs NNN 451 N Highway 52 2,680 SF Retail Building Moncks Corner, SC 29461 $4,835,529 CAD ($1,804.30 CAD/SF) 6.25% Cap Rate
Investment Highlights
- 12+ Years Remaining | Options To Extend | Scheduled Rental Increases
- Growing & Popular Brand | Experienced Franchisee
- Strong Demographics In Immediate Trade Area | Charleston MSA
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Dual Drive-Thru Equipped
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Slim Chickens investment property located in Moncks Corner, South Carolina. The franchisee, Chandler Restaurant Group, LLC, has over 12 years of initial lease term remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 6% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Chandler Restaurant Group, LLC is an established operator of fast casual/quick-service restaurants. The company currently operates 38 Firehouse Subs locations. Branching into Slim Chickens in 2022, Chandler Restaurant Group plans to open 8 more Slim Chickens locations throughout Myrtle Beach, Charleston, and Florence, SC. Slim Chickens has over 300 locations opened and a fanatical following in 34 U.S. states.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,680 SF
Building Class
C
Year Built
2023
Price
$4,835,529 CAD
Price Per SF
$1,804.30 CAD
Cap Rate
6.25%
NOI
$302,221 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Zoning
C-2 - General Commercial
Parking
36 Spaces (13.43 Spaces per 1,000 SF Leased)
Frontage
201’ on North U.S. Highway 52
Amenities
- Dedicated Turn Lane
- Restaurant
- Signage
- Drive Thru
- Monument Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 123-00-04-093 | Improvements Assessment | $2,692,511 CAD |
| Land Assessment | $1,459,588 CAD | Total Assessment | $4,152,099 CAD |
Property Taxes
Parcel Number
123-00-04-093
Land Assessment
$1,459,588 CAD
Improvements Assessment
$2,692,511 CAD
Total Assessment
$4,152,099 CAD
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Slim Chickens | 12+yrs Remain Abs NNN | 451 N Highway 52
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