Tenant: Slim Chickens | North Richland Hills, TX Premises: 3,500 SF Renewal Options: 4 x 5 Years
Lease Expiration: 20 Yrs from COE Lease Type: Absolute NNN Rental Increases: 10% Every 5 Years
New 20 Year Triple Net Lease (NNN) with Zero Landlord Responsibilities Commencing at Close of Escrow
10% Rent Increases Every 5 Years
Four (4) x Five (5) Year Options to Extend
NEW CONSTRUCTION / FRESH PROTOTYPE: The Newly Constructed Slim Chickens Prototype Includes Digital Menu Boards and an Enclosed Patio
Multi-Unit Operator with Development Rights to Fort Worth
Strategically Located in Front of Walmart Anchored Center with Cross Access to the Neighboring Target Anchored Center
Top Intersection in North Richland Hills
High Traffic Counts Along Davis Blvd and North Tarrant Parkway
Dense Infill Location with 10-Mile Population Nearly 700,000
Above Average Household Income of $123,000 Within a 3-Mile Radius
Neighboring Retailers Include Kroger, Walgreens, Sonic, Chick-fil-A, Chili’s, Wells Fargo and Target
Slim Chickens is a Southern-style “better chicken” fast-casual operation based in Fayetteville, Arkansas. Since the chain’s founding over a decade ago, Slim Chickens has fully adopted a Southernstyle concept. Its menu includes fried chicken wings and chicken tenders, along with chicken and waffles, a Southern comfort food classic. Healthier options include grilled chicken sandwiches, wraps and salads. Slim Chickens trains team members to greet customers as they enter and then walk guests through the menu. Once customers take their seats, Slim Chickens doesn’t want to force them up: table runners will bring out food, get refills and pre-bus tables, making it a very high-touch experience for a limited-service restaurant.
The restaurant’s architecture is also Southern. All Slim Chickens locations have an outdoor patio, which the chain calls “the porch”, covered by a pitched awning with trusswork, calling to mind a barn or older Southern home. In freestanding stores, the entire building features a pitched roof and interior trusswork wherever a municipality allows it. Slims opened more than 20 stores in 2016 year and is projected to open another 35 in 2017.