Slim Chickens

Liberty, MO

Key Details

Price:$3,339,677
Cap Rate:6.50%
Annual Rent:$217,079
Address:126 Stewart Road, Liberty, Missouri 64068
Property Type:Retail
Lease Type:Triple Net (NNN)

Property Data

Original Lease Term:20 Years
Lease Commencement:10/1/2017
Lease Expiration:9/30/2037
Lease Term Remaining:12.9 Years
Rental Increases:1.25% Annually
Lot Size:1.14 Acres
Building Size:2,992 SF
Year Built:2017
NNN Pro is pleased to present the exclusive listing for a Slim Chickens located at 126 Stewart Road, Liberty, Missouri 64068. The site consists of roughly 2992 rentable square feet of building space on an estimated 1.14-acre parcel of land. This Slim Chickens is subject to a 20-year Triple Net (NNN) lease, which commenced 10/1/2017. The current annual rent is $217,079 and has scheduled increases of 1.25% Annually.

About the Investment

  • Long-Term NNN Lease | The site is subject to a 20 year lease with over 13 years remaining and no landlord responsibilities.
  • 10 Years of Renewal Options | This lease features 2, 5-year options which brings the ultimate lease term to 30 years.
  • Attractive Rental Increases | This lease features strong annual increases of 1.25% in the base term and options, providing significant income growth.
  • Strong Corporate Guarantee | This lease is guaranteed by Slim Chickens corporate. Slim Chickens has over 200 existing locations with an additional 70 locations expected to open in 2024.

Talk to the Pros

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Glen Kunofsky

gkunofsky@nnnpro.com
License: NY: 49KU1129178
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Matthew Anuszkiewicz

manuszkiewicz@nnnpro.com
License: NY: 10401294046
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Joseph Kelly

jkelly@nnnpro.com
License: NY: 10401386896

Broker of Record

Brian Brockman

Bang Realty-Missouri, Inc
License: 2017032771
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.