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SLIM CHICKENS - COLORADO SPRINGS, CO 4265 Austin Bluffs Pky

3,292 SF Retail Building Colorado Springs, CO 80918 £3,515,784 (£1,068/SF) 6.75% Net Initial Yield

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Investment Highlights

Brand New 20-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations Every 5 Years
Personally Guaranteed by 2 operators with a combined net worth of over $30 million.
Well positioned in dense retail corridor on ±0.989-acre lot with high barriers to entry & excellent drive-by visibility/access

Mile High Chicken, LLC is an experienced operator with 10 Slim Chickens restaurants with 4 additional sites slated to open by Spring 2024
New, high-quality, build-to-suit construction to Slim Chickens latest prototype - opened September 2023.
2023 Population: 312,094 and 2023 Avg. Household Income: $106,482

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Fast Food

Building Size

3,292 SF

Year Built

2023

Price

£3,515,784

Price Per SF

£1,068

Net Initial Yield

6.75%

NOI

£237,312

Tenancy

Single

Number of Floors

Building FAR

0.08

Land Acres

0.98 AC

Zoning

C - Commercial

Frontage

100 ft on Austin Bluffs Pky

Amenities

Restaurant

Signage

Air Conditioning

MAJOR TENANTS

Accommodation and Food Services
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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.