3020 Cloverdale Road Florence, AL 35630

Building Details

Year Built

2023

Listing agency Commercial Investment Advisors (CIA) Scottsdale

Listed by Justin Zahn · License #SA545840000

Source Crexi

Added: May 12 Updated: Jul 22 at 9:55AM Checked: Jul 22 at 9:55AM

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Investment Insights

Based on property information with market context.

This Slim Chickens restaurant is offered on an absolute NNN lease with 17+ years remaining. The lease structure includes 7.50% rental escalations every five years. Simply Slim AL, LLC owns and operates the property and additional Slim Chicken locations, and the site has been open and operating since 2023. For year-end 2024, the lease reports an 8.13% rent to sales ratio. The property is positioned on a ±0.93-acre lot and includes a building size of 3,570 square feet.

Located at 3020 Cloverdale Road in Florence, the property benefits from visibility and access along Cloverdale Road, where traffic counts exceed 23,680 CPD. The surrounding retail mix includes major national and regional retailers such as Walmart, Target, Sam’s Club, Lowe’s, Home Depot, Kohl’s, TJ Maxx, Ross Dress for Less, Belk, and Publix. It is approximately 3 miles from the University of North Alabama and about 5 miles from North Alabama Medical Center.

Key Highlights

• Slim Chickens built in 2023 on an absolute NNN lease with 17+ years remaining
• Lease includes 7.50% rental escalations every 5 years
• Tenant Simply Slim AL, LLC operates 5 Slim Chicken locations across Alabama

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FAQs

What type of property is this?

Conventional restaurant - Slim Chickens on absolute NNN lease with 17+ years remaining and 7.50% escalations every five years.

Where is this conventional restaurant located?

The property is located at 3020 Cloverdale Road Florence, AL.

What is the asking price?

The asking price for this property is $3,002,000.

What are key features of this property?

This property features: Slim Chickens built in 2023 on an absolute NNN lease with 17+ years remaining; Lease includes 7.50% rental escalations every 5 years; Tenant Simply Slim AL, LLC operates 5 Slim Chicken locations across Alabama