Views: 0 DOM: 107 Updated: 11.28.23 Posted: 08.26.23 Status: Active


Price $2,522,000
Built/Renov 1995/2023
Tenant Slim Chickens
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,042
Lease Start 02-01-2023
#Units 9
Price/SF $829.06
Expiration 01-31-2038
Tenant Type Fast Casual/Rest.
NOI $151,340
R. Term 14.1
Ownership Fee Simple
Rent/SF $49.75
Increases 10.0%/5/yrs
Pop 5Mi 136,554
Lot/AC 0.77
Options 3/5yrs/10%
AHHI 5Mi $83,343

Lease Highlights

  • Extensive 2023 renovations
  • Slim Chickens recently signed a long-term 15-year lease with 3 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the inital term and at the start of each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by PREL Investments Inc.

Location Description

This newly reconstructed Slim Chickens is situated on Northland Avenue with a daily traffic count of 22,000 vehicles passing by daily. The subject property offers multiple points of access and is conveniently located at a recently added roundabout intersection, which sees a high traffic volume of over 40,000+ VPD. This prime location is part of a strong retail corridor that is within close...



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  • Tenant: Slim Chickens
  • Guarantor:Franchisee
  • Company:PREL Investments Inc.
  • # Units:9
  • Stock:Private

About Tenant

Slim Chickens fast-casual restaurant chain that specializes in hand-breaded chicken tenders, wings, chicken and waffles, chicken sandwiches, salads, wraps and more. In 2003, the first corporate...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 13,421 71,845 140,269
2023 Total Population : 13,538 71,476 138,954
2023 Employed Civilian Pop : 7,024 38,785 75,015
2023 Total Businesses : 502 3,144 5,672
2023 Average Household Income : $ 90,344 $ 94,016 $ 94,444
2023 Total Consumer Spending : $ 456 M $ 2436 M $ 4775 M
2023 Median Age : 42 39 39
2023 Total Households : 5,843 29,916 58,484
2023 Pop Age 25+: Bachelor's Degree : 2,042 12,134 23,371
2023 Average Home Value : $ 228,900 $ 265,472 $ 264,765
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
W Northland Ave N Abendroth St 2016 19,900 0.02 mi
West Northland Avenue N Richmond St 2019 21,600 0.05 mi
North Richmond Street W Weiland Ave 2019 18,400 0.10 mi
N Richmond St W Weiland Ave 2019 5,800 0.17 mi
N Richmond St W Ridgeview Dr 2019 17,100 0.18 mi
Northland Ave N Bennett St 2016 18,200 0.27 mi
North Oneida Street E Northland Ave 2019 6,200 0.41 mi
North Oneida Street E First Ave 2019 2,400 0.41 mi
Oneida St E McArthur St 2007 8,100 0.43 mi
W Glendale Ave N Erb St 2019 2,400 0.44 mi

Listing Broker

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