Slim Chickens

Slim Chickens – Single‑Tenant Net Lease Investment
Lexington MSA, KY | Fast‑Casual Drive‑Thru & Delivery | Absolute NNN Lease | Passive Income Opportunity

Overview
This offering showcases a freestanding Slim Chickens restaurant located in the expanding Lexington metropolitan area of Kentucky. The property is secured by a long-term absolute triple-net (NNN) lease, under which the tenant assumes full financial responsibility for all site-level expenses, including real estate taxes, insurance, maintenance, utilities, landscaping, and structural upkeep. Scheduled rent escalations at defined intervals deliver steady income growth and inflation protection. With zero landlord obligations, the asset provides truly passive income, fulfilling criteria for investors focused on net lease investment properties, single-tenant NNN assets, fast-casual restaurant holdings, and 1031 exchange–compatible acquisitions.

Investment Highlights

• Absolute NNN lease structure with all property-level expenses covered by the tenant
• Prototype building crafted to support both drive-thru and delivery operations
• Operated by a well-established regional franchisee with a strong local track record
• Long-term lease featuring built-in rent escalations and renewal options
• Situated on a high-visibility signalized corner in a major retail and commuter corridor

Tenant Overview
Slim Chickens is a rapidly expanding fast-casual brand offering high-quality chicken tenders, wings, sandwiches, sides, and signature dipping sauces. This Lexington location is operated by a regional franchisee with proven performance across multiple locations. Although the lease is franchisee-guaranteed rather than corporate-backed, the tenant’s continuous investment in property standards, operations, and local marketing mitigates risk and reinforces long-term occupancy.

Lease Summary

• Lease Type: Absolute NNN
• Lease Term: Long initial lease with significant years remaining
• Rent Escalations: Predefined increases at scheduled intervals
• Renewal Options: Built-in extensions to support long-term continuity
• Landlord Responsibilities: None

This lease structure allows easy-to-underwrite income with built-in growth and minimal landlord management.

Site Overview
Constructed according to Slim Chickens prototype, this property includes dual drive-thru lanes optimized for efficient customer throughput and a dedicated delivery staging area. The exterior showcases branded finishes, clear signage, landscaping, and ample parking. Positioned at a prominent signalized corner within Lexington’s primary retail corridor, the site benefits from strong visibility and drive-by traffic. Adjacent tenants include national grocers, quick-service restaurants, pharmacies, and service providers, contributing to sustained consumer flow throughout each day part.

Market Overview – Lexington MSA
Lexington is a prominent regional center known for its diversified economy—anchored by education, healthcare, manufacturing, and tourism. Retail development continues across key corridors, featuring grocery, restaurants, banks, and service providers. Demand for convenience-driven fast-casual restaurant formats remains strong, driven by busy households, commuters, and student populations.

Demographics and Trade Area
The property’s trade area includes a robust mix of households, families, professionals, students, and healthcare employees. Surrounding residential communities, school campuses, medical centers, and employment hubs generate consistent visit patterns across breakfast, lunch, dinner, and weekend dayparts. Retail anchors and service offerings nearby help foster cross-shopping and repeat foot traffic.

Consumer Demand Drivers

• Drive-thru convenience to meet commuter and family needs
• Delivery service to capture growing take-out and at-home dining trends
• Brand familiarity and varied menu options enhancing repeat visitation
• Corner lot visibility supporting strong customer access
• Synergies with adjacent retail anchor traffic
• Multi-daypart performance from morning snacks to evening meals

Income Profile and Upside
The scheduled escalations built into the lease provide calculated revenue increases without additional landlord capital. Under the absolute NNN structure, tenant covers all operational costs, resulting in clean, predictable net income that supports conservative underwriting. Ongoing franchisee investments in site quality and local engagement further enhance longevity and asset value.

Ideal Buyer Profile
This property is well-suited for:

• 1031 exchange investors seeking passive-income replacements
• Portfolio investors building a fast-casual, drive-thru retail portfolio
• Private capital or family offices targeting low-management income assets
• Institutional investors or small-cap REITs focused on stabilized NNN holdings
• Conservative buyers seeking inflation-hedged, hands-off income

Market Positioning & Trends
Fast-casual chicken brands with drive-thru and delivery capabilities continue to lead in net-lease appeal, driven by convenience and loyalty. Slim Chickens’ growth trajectory and brand differentiation align with investor demand. The scarcity of high-visibility pad sites in Lexington adds liquidity and pricing strength. The opportunity aligns directly with investor searches like net lease investment properties, single-tenant NNN retail, fast-casual NNN lease investments, Slim Chickens NNN assets, and 1031 exchange opportunities.

Conclusion
This Slim Chickens in the Lexington MSA represents a top-tier net-lease investment: a long-term absolute NNN lease, franchisee-backed tenancy, structured rent escalations, and a prime retail location within a stable, growing regional market. With tenant-managed expenses, inflation-protected returns, and a strong local brand footprint, the asset offers reliable passive income and long-term value for portfolios seeking quality single-tenant real estate.

Please contact us for more information.