11594 Memorial Pkwy SW, Huntsville, AL 35803

This property features a new, drive-thru Slim Chickens located in Huntsville, AL. Constructed in 2022, the property has over three years of operating history. A 15-year Absolute NNN lease will commence at the close of escrow, with 10% rental increases every five years. This investment opportunity conveys fee simple interest with both land and building ownership. The property’s modern drive-thru design includes a split two-lane configuration. Positioned adjacent to a Walmart Supercenter-anchored shopping center on Memorial Parkway with traffic of approximately 45,000 vehicles per day, this asset represents an ideal opportunity for a passive or 1031 exchange investor seeking a high-quality, QSR investment property with zero landlord responsibilities. Slim Chickens is known for its fresh, hand-breaded chicken tenders, made-to-order meals, and Southern-inspired hospitality, and continues to expand rapidly across the United States and internationally. The subject property is located within the high-growth Huntsville AL market. The site occupies a dominant hard-corner parcel along Memorial Parkway with multiple points of ingress and egress from two thoroughfares. The adjacent Walmart Supercenter generated approximately 2.0 million visits in the last 12 months. The trade area is supported by more than 27,000 homes within a five-mile radius, totaling over 64,000 residents with an average household income of $124,700 dollars. The city of Huntsville has grown a remarkable 16% since the 2020 Census and continues to benefit from major public and private investment, including the recent relocation of U.S. Space Command headquarters and Eli Lilly’s $6 Billion dollar manufacturing investment. The property size is 3,044 square feet.