Description

Cushman & Wakefield is pleased to present the opportunity to acquire a newly constructed absolute NNN lease investment occupied by Slim Chickens, a rapidly expanding fast-casual restaurant concept known for its hand-breaded chicken tenders and Southern-inspired menu offerings. The property is secured by a 20-year primary lease featuring zero landlord responsibilities and scheduled 10% rent increases every five years, providing investors with a passive, inflation-hedged income stream supported by a strong personal guaranty. Founded in 2003 in Fayetteville, Slim Chickens has grown from a single location into one of the fastest-growing brands within the “better chicken” segment, operating more than 300 restaurants worldwide with an additional 1,200-plus units currently in development. The brand reports average unit volumes of approximately $3.8 million and nearly 40% same-store sales growth over the past four years, highlighting strong consumer demand and operational performance. The tenant, Desert Slims, LLC, is led by veteran restaurateur Dennis Ekstrom, who brings nearly five decades of restaurant industry experience, including more than 30 years in franchising. The franchise group currently operates 26 restaurant locations across New Mexico, Arizona, and Texas under the Slim Chickens, Denny’s, and Del Taco brands. Strategically positioned along Craig Road in North Las Vegas, one of the area’s busiest east-west commercial corridors with traffic counts exceeding 44,500 vehicles per day, the property benefits from exceptional visibility and accessibility within a thriving retail trade area. Surrounding national retailers include Walmart Supercenter, Sam’s Club, The Home Depot, Lowe’s, Target, In-N-Out Burger, Starbucks, Dutch Bros Coffee, and Ross Dress for Less. The surrounding trade area includes more than 458,000 residents within a five-mile radius and average household incomes exceeding $101,000 within three miles. Supported by ongoing residential and commercial growth throughout the Las Vegas Valley, this offering represents an opportunity to acquire a brand-new, long-term absolute NNN Slim Chickens investment with stable income potential and strong brand fundamentals in one of North Las Vegas’s most active and high-growth retail corridors.