Single-Tenant Slim Chickens

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30749262
Property Subtypes: Free-Standing Building, Restaurant
Status: Pending
Building Size (RSF): 2,890 SF
Gross Building Area: See Agent
Gross Land Area: 1.20 Acres
Sale Price: $2,537,500
Unit Price: $878.03 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 10/15/2021

Overview / Comments

- New 20-Year Absolute Triple-Net (NNN) Lease
- 10% Rental Increases Every 5 Years
- Slim Chickens has Over 100 Locations with Plans to Expand to 600 Locations Over the Next Decade
- 46,320 Residents within a 5-Mile Radius - Farmington is the Largest City in San Juan County and the Major Industrial and Retail Hub of the Four Corners Region
- High Traffic Location Along East Main Street (38,570+ Cars/Day)
- Situated in Dense Retail Corridor Across from The Home Depot-Anchored Shopping Center - Other Retailers Include Safeway, Petco, Staples, and Hobby Lobby
- Down the Road from Animas Valley Mall, the Largest Shopping Center in the Four Corners Region
- Average Household Income Exceeds $74,000 within a 3-Mile Radius

Attachments & Media

Additional Details

Nearest MSA: Farmington
County: San Juan
Tax ID/APN: R4002978

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,268 42,781 52,393
Median Age: 27.83 34.72 34.55
Households: 1,453 15,474 18,872

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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