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Slim Chickens

Independence, Missouri

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NNN Pro Group is pleased to present the exclusive listing for a Slim Chickens located at 4641 Cochise Drive in Independence, Missouri. Built in 2014, the property consists of approximately 3,185 square feet of building space and is situated on roughly 0.75 acres of land. The Slim Chickens is subject to a 22-year absolute triple-net (NNN) lease, which commenced August 3rd, 2015. The current annual rent is $173,443 and is scheduled to increase by one and a half percent (1.50%) annually starting in April 2027 and continue throughout the base term and in each of the four (4), five (5)-year renewal option.

✓ Long-Term, 22-Year Absolute Triple Net (NNN) Lease With +13.5 Years Remaining
✓ Strong Hedge Against Inflation | One and a Half Percent (1.50%) Annual Rental Increases Starting April 2027
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 42 Year

Key Details

Price:
$2,668,354
Cap Rate:
6.50%
Annual Rent:
$173,443
Address:
4641 Cochise Drive, Independence, Missouri 64055
Property Type:
Net Leased Quick Service Restaurant
Lease Type:
Triple Net (NNN)

Original Lease Term:
22 Years
Lease Commencement:
August 3, 2015
Lease Expiration:
July 31, 2037
Lease Term Remaining:
13.50 Years
Rental Increases:
1.5% Annually Starting April 2027
Lot Size:
+/- 0.75 Acres
Building Size:
3,185 SF
Year Built:
2014
Tenant:
Slim Chickens

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Daniel Price

License: 10401306175

Rocco Driscoll

License: 10401370484

Broker of record

Brian Brockman

Bang Realty Inc.

License: 2017032771


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