Montgomery, AL - Slim Chickens

Description:

• The tenant currently has 13+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 2% annual rental increases throughout initial term and options thereafter, growing NOI and hedging against inflation
• Slim Chickens opened in 2003 in Fayetteville, Arkansas and has grown with more than 300 locations in 34 U.S. states

• The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Hobby Lobby, Ulta, Costco, Target, Home Depot, Starbucks and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The asset is in close proximity to Auburn University at Montgomery (5,200 students), further increasing consumer traffic to the site

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Listing ID: a28TP000002IMQjYAO