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2200 E Main St
Russellville, AR 72802

Slim Chickens - Absolute NNN · Retail Property For Sale

Investment Highlights

  • Absolute NNN Lease - 10 Years Remaining on Lease Term - Passive Investment
  • Situated along Main Street - High Visibility and Significant Daily Traffic
  • Dixie Chickens, LLC - Largest Franchisee within the Slim Chickens System
  • 10% Rental Escalations Every 5 Years - 2 Additional Five-Year Options
  • Located Minutes from Arkansas Tech University - 10,000+ Students

Executive Summary

The Snyder Carlton Team is pleased to present an exceptional investment opportunity in a Slim Chickens located at 2200 East Main Street in Russellville, Arkansas. The property is equipped with approximately 10 years remaining on the initial term and 2, five (5) year option periods with 10% rental escalations every five years. Russellville is located in the central part of Arkansas, along the Arkansas River and Interstate 40. The economy of Russellville is diverse, with key sectors including education, manufacturing, healthcare, and retail. The city has a growing job market.
The subject property is located along Main Street which has high visibility and significant daily traffic. The thoroughfare is a key route for both locals and travelers, ensuring a steady stream of potential customers throughout the day. This location is also just minutes away from Arkansas Tech University, home to over 10,000 students.
The franchisee is Dixie Chicken, LLC whom is the largest franchisee within the Slim Chickens system currently. They operate 15 stores in Arkansas and Alabama with more in the development pipeline. The management group is also affiliated with Wendy’s and operates over 50+ stores. Additionally, members of the ownership group have vast development rights to supplementary areas within the states of Alabama, Arkansas, Georgia, Louisiana and Texas.
Slim Chickens is a strong branded tenant. The favorable lease terms and absolute net lease structure give the investor a 100% passive free investment. This property is poised for steady cash flow and would be an excellent asset to add to your portfolio.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,600 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2020
Price
£2,210,124
Price Per SF
£850
Net Initial Yield
6.15%
NOI
£135,923
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
0.89 AC
Opportunity Zone
Yes
Zoning
Fast Food/Restaurant
Parking
51 Spaces
Frontage
150 ft on East Main Street

Amenities

  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
859-36001-000C
Land Assessment
£71,740
Improvements Assessment
£62,524
Total Assessment
£134,264
  • Listing ID: 33551201

  • Date on Market: 17/10/2024

  • Last Updated:

  • Address: 2200 E Main St, Russellville, AR 72802

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