Slim Chickens | Memphis, TN

Retail

8477 US Highway 64 Memphis, TN 38133
Price:
$ 2,322,000
Property Size:
4,287 sqft
Cap Rate:
6.0
NOI:
$ 139,328
Lot Size:
1.01 acres
Year Built:
1998/2020
Status:
Sale

INVESTMENT HIGHLIGHTS

BRAND NEW ABSOLUTE NNN 20 YEAR LEASE
The Subject Property is currently under construction and redeveloped to model Slim Chicken’s latest prototype design. The Tenant recently signed a new 20 year Absolute NNN lease with 10% Bumps Every 5 Years.

EXCEPTIONALLY STRONG RETAIL LOCATION IN MEMPHIS’ PREMIER SUBMARKET
The Subject Property is exceptionally well located in the heart of Memphis’ Cordova/Germantown/Galleria submarket. The property is located across the street from WalMart and Sam’s Club and within close proximity to IKEA, Chick-fil-A and access to Interstate 40.

INCOME TAX-FREE STATE
Tennessee is one of nine states that does not impose a state income tax, yielding a higher net return for property owners/investors.

RAPIDLY EXPANDING TENANT
Slim Chickens was founded in 2003 in Fayetteville, Arkansas. Since that time, they have grown to over 100 locations across 19 states and 2 countries (Kuwait and United Kingdom). Most recently, the company executives announced they have plans to grow to 600 locations by 2025.

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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

D. Andrew Ragsdale, Esq.
Senior Managing Director
918.878.9535
Ken Hedrick
Executive Managing Director
918.878.9540
Jerry Hopkins
Executive Managing Director
918.878.9536
Charlie Oates
901.484.0418

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