Independence, MO - Slim Chickens

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Slim Chickens investment property located in Independence, Missouri. The tenant, Slim Chickens, has over 13 years of initial term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.5% annual rental increases beginning in 2027 that extend throughout the remainder of the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Slim Chickens is located near the intersection of Interstate 70 and Interstate 470 which combine to average over 113,100 vehicles passing by daily. Interstate 70 is the major retail thoroughfare serving the city of Independence. The Slim Chickens is across from a Costco and Lowe’s anchored center that also features national/credit tenants including Chipotle, Panera Bread, Red Robin, Bank of America, CarMax, and others. The asset is less than 1 mile from Independence Center, a 606,900+ square foot shopping mall with tenants including Dillard’s, Victoria’s Secret, Carhartt, Chick-fil-A, H&M, and many others. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Sam’s Club, Bass Pro Shops, Best Buy, Menards, Kohl’s, McDonald’s, Crumbl, Whataburger, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 91,100 residents and 51,600 employees with an average household income of $78,182.