OFFERING SUMMARY
Price: $3,500,000
Cap Rate: 6.00%
Gross Leasable Area: 3,570 SF
NOI: $210,000
OFFERING HIGHLIGHTS
- Brand New 15-Year Lease Upon Close of Escrow
- Absolute Triple Net Lease
- Experienced, Growing Franchisee with Development Plan
- Located in Retail Corridor with Abundant New Construction
- Exceptional Sales Projections in line with Other Units
INVESTMENT OVERVIEW
The Diffie Retail Team is pleased to exclusively market for sale a 2024 construction Slim Chickens in San Antonio, Texas. The asset comes with a brand new, 15-year, absolute net lease backed by an experienced and growing QSR franchisee. The building was designed to fit the Slim Chickens prototype and sits on a large lot surrounded by new construction that will feature retail, mixed-use, and multi-family. This operator has experienced exceptional success with the Slim Chickens brand, setting massive store sales figures on each of their new builds, and has a development deal in place for 45 units over the coming years. The property is also within walking distance from John Harlan High School, Straus Middle School, and copious amounts of residential developments providing a massive, stable customer base.
San Antonio is the third largest metropolitan area in the State of Texas and among the largest in the entire United States with a total population of almost 2.6 million. The city has also experienced steady, uninterrupted growth within the past years, with much of the growth spreading out east and north in the direction of this Slim Chickens asset. Home to professional sports teams, the riverwalk, and the Alamo, San Antonio provides investors the feel of a major U.S. city combined with the steady, reliable progress of a major Texas market.
