SLIM CHICKENS - ANN ARBOR, MI 5505 Arbor Chase Dr 3,050 SF Retail Building Ann Arbor, MI 48103 £2,767,436 (£907.36/SF) 6.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- LONG -TERM LEASE - Brand New 20-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations Every 5 Years!
- New, high-quality, build-to-suit construction to Slim Chickens latest prototype - opened December 2024 - Impressive 18-car stack double drive-thru
- Traffic counts of 89,023 CPD!
- OPERATOR/SUBSTANTIAL REMODEL - Slims Great Lakes 01, LLC is a subsidiary of Integra Holdings, Inc. - Integra Holdings Corp.
- HIGH TRAFFIC COUNTS/VISIBILITY - Situated on a large ±1.62-acre lot - adjacent to Meijer with excellent visibility/ access on S Zeeb Rd
- 2023 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 70,042 | Average Household Income (1-MI): $214,047
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,050 SF
Building Class
B
Year Built
2024
Price
£2,767,436
Price Per SF
£907.36
Net Initial Yield
6.50%
NOI
£179,867
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
1.62 AC
Zoning
C
Frontage
132 ft on South Zeeb Road
AMENITIES
- Restaurant
- Signage
- Drive Thru
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, 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 | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-21-400-040 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £312,814 |
