16105 Chenal Pkwy - Fast Food FOR SALE


Little Rock, AR 72223
$2,841,667 USD
949-724-5552
16105 Chenal Pkwy, Little Rock, AR for Sale
$2,841,667 USD
Fast Food - FOR SALE
1/8
null | 6% Cap Rate

16105 Chenal Pkwy
Little Rock, AR 72223


HIGHLIGHTS

  • Absolute NNN Lease - 10 Years Remaining on Lease Term - Passive Investment
  • 10% Rental Escalations Every 5 Years - 2 Additional Five-Year Options
  • Situated in Prime Retail Area of West Little Rock - Outparcel to Kroger Marketplace
  • Excellent Visibility and Multiple Access Points - Strong Daily Traffic Flow
  • Dixie Chickens, LLC - Largest Franchisee within the Slim Chickens System

OVERVIEW

The Snyder Carlton Team is pleased to present an exceptional investment opportunity in a Slim Chickens located at 16105 Chenal Parkway in Little Rock, Arkansas. The property is equipped with approximately 10 years remaining on the initial term and 2, five (5) year option periods with 10% rental escalations every five years. This Slim Chickens is located within the prime retail area of west Little Rock. As an outparcel to Kroger Marketplace, the site has incredible visibility with multiple ingress and egress points that allow the strong daily traffic flow to maneuver efficiently. The surrounding neighborhoods are affluent, contributing to a stable customer base and consistent revenue for the tenant and providing a stable investment for the owner. The franchisee is Dixie Chicken, LLC whom is the largest franchisee within the Slim Chickens system currently. They operate 15 stores in Arkansas and Alabama with more in the development pipeline. The management group is also affiliated with Wendy’s and operates over 50+ stores. Additionally, members of the ownership group have vast development rights to supplementary areas within the states of Alabama, Arkansas, Georgia, Louisiana and Texas.

FOR SALE DETAILS

PRICE

$2,841,667 USD

PRICE/SF

$1,157 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Slim Chickens - Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

C-2

APN/PARCEL ID

54L-001-04-002-00

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.