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SLIM CHICKENS – FLORENCE, AL 3201 Cloverdale Rd

3,570 SF Retail Building Florence, AL 35633 £2,550,901 (£715/SF) 6% Net Initial Yield

Investment Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations Every 5 Years!
  • New, High-Quality, Build-to-Suit Construction of Slim Chickens Latest Prototype with Double Drive-Thru - Slated to Open March 2023!
  • Across the Street from a Large Chapel Church & Blocks Away from Walmart!
  • Dixie Chicken, LLC Owns & Operates a Total of 15 Slim Chickens Locations (13 in Arkansas & 2 in Alabama)
  • Positioned on a ±0.93-Acre Lot with Great Visibility/Access on Cloverdale Rd where Traffic Counts Exceed 22,310 CPD!
  • Total Population (5-MI): 48,859 | Average Household Income (1-MI): $75,780

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,570 SF
Building Class
B
Year Built
2023
Price
£2,550,901
Price Per SF
£715
Net Initial Yield
6%
NOI
£153,039
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.93 AC
Zoning
C

Amenities

  • Restaurant
  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -

Slim Chickens' mission was (and is) simple: to make the best hand-breaded chicken tenders using only the freshest ingredients, served in a friendly atmosphere where people can relax and feel at home. They use the best cut they can get for their tenders. From the outset 100%, all-natural premium tenders have been the building block for their entire menu. Their time-tested recipe has become a household favorite, locking in flavor with their southern-style buttermilk marinade, and lightly breaded by hand with every order.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Accommodation and Food Services - - -

Links

1 of 1

PROPERTY TAXES

Parcel Number 15-08-27-3-003-003.000 Improvements Assessment £0
Land Assessment £56,423 Total Assessment £56,423

PROPERTY TAXES

Parcel Number
15-08-27-3-003-003.000
Land Assessment
£56,423
Improvements Assessment
£0
Total Assessment
£56,423
(214) 643-6097

  • Listing ID: 34144211

  • Date on Market: 18/06/2024

  • Last Updated:

  • Address: 3201 Cloverdale Rd, Florence, AL 35633

The Retail Property at 3201 Cloverdale Rd, Florence, AL 35633 is currently available For Sale. Contact Commercial Investment Advisors, INC for more information.

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© 2024 CoStar Group

SLIM CHICKENS – FLORENCE, AL | 3201 Cloverdale Rd
(214) 643-6097 x

SLIM CHICKENS – FLORENCE, AL | 3201 Cloverdale Rd

Kendall Carlsen

(214) 643-6097

(214) 643-6097

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