SLIM CHICKEN’S – DAVENPORT, FL

Davenport, FL

Price $2,522,000
Cap Rate 5.75%
TYPE Single-Tenant
STATUS Available
Tenant Tampa’s Best Chicken LLC
LEASE TYPE Absolute NNN
SQUARE FEET 3,622
YEAR BUILT June 2024
LEASE EXP. June 30, 2039
CONTACT Justin Zahn
480-718-5555
[email protected]

Property Description

Slim Chickens has a Brand New 15-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations Every 5 Years! The Tenant is Tampa’s Best Chicken LLC | Florida’s Best Chicken, LLC operates 4 locations with two more under construction and slated to open this year! It is a New, high-quality, build-to-suit construction to Slim Chickens latest prototype – slated to open June 2024 – Impressive double drive-thru with double car stack!

The Asset is currently under construction on a large ±1.07-acre lot, with excellent visibility/access on US-27 with traffic counts of 41,592 CPD! Davenport has retailers such as include Target, BJ’s Wholesale Club, Publix, Burlington, Hobby Lobby, Marshalls & HomeGoods, Dick’s Sporting Goods, JCPenney, Ross Dress for Less, Bealls Outlet, Best Buy, Dollar General, Dollar Tree, Family Dollar, Ashley, Cato, rue21, Sally Beauty, Books-A-Million, Michaels, Five Below, Staples, PetSmart, Walgreens, AutoZone, Cinepolis; Dining options include Beef O’ Brady’s, Cracker Barrel, Culvers, McDonald’s, Wendy’s, Burger King, Taco Bell, Five Guys, Starbucks, Dunkin’, Popeyes, First Watch, Panera Bread, Chipotle, Bob Evans, Waffle House, and Denny’s; Less than 8 miles from AdventHealth Heart of Florida ER – a licensed 202-bed acute care hospital.

Property Highlights

  • Brand new 15-year Absolute NNN Ground lease with attractive 7.50% rental escalations every 5 years with five 5-year renewal options!
  • New, high-quality, build-to-suit construction to Slim Chickens latest prototype - slated to open June 2024 - Impressive double drive-thru with double car stack!
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 74,266 | Average Household Income (1-MI): $83,756 | Historical Annual Growth (2020-2023) (1-mi): 15.2%
  • Tampa’s Best Chicken LLC | Florida’s Best Chicken, LLC operates 4 locations with two more under construction and slated to open this year!
  • This fee simple (land & building) ownership asset is currently under construction on a large ±1.07-acre lot, with excellent visibility/access on US-27 with traffic counts of 40,771 CPD!