Slim Chickens | Memphis, TN | Retail

$2,232,000

8477 U.S. 64, Memphis, TN 38133

For Sale

Retail Restaurant

Active

Last Updated: 12/01/2021

Details:

NOI: $139

Building Size: 4,287 sqft

Lot Area: 1.01 acres

Occupancy: 100%

Lease Type: Triple Net

Year Built: 1998/20

Tenancy: Single

Highlights:

BRAND NEW ABSOLUTE NNN 20 YEAR LEASE WITH 10% BUMPS EVERY 5 YEARS
EXCEPTIONALLY STRONG RETAIL LOCATION IN MEMPHIS' PREMIER SUBMARKET
INCOME TAX-FREE STATE
RAPIDLY EXPANDING TENANT

Description:

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 wit hin 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.

Map:

Documents:

	Title
	Slim_Chickens_Memphis_TN_21.pdf

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