16105 Chenal Pkwy Little Rock, AR 72223

Property Details for 16105 Chenal Pkwy

Lot size

0.65 lot acres

Property size

2,456 SF

Property type

Retail properties & Spaces

Description

This exceptional investment opportunity presents a 2,456 square foot Slim Chickens QSR in Little Rock, Arkansas, at 16105 Chenal Pkwy, 72223. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $170,500. The absolute NNN lease features a remaining term of 10.1 years, with two additional five-year options, each including a 10% rental escalation. The lease commenced December 18, 2019, and expires December 31, 2034. This single-tenant property is situated on a 0.65-acre lot and benefits from its prime location as an outparcel to a Kroger Marketplace. The site enjoys excellent visibility and multiple access points, ensuring strong daily traffic flow. The tenant, Dixie Chicken, LLC, is the largest Slim Chickens franchisee, operating fifteen stores in Arkansas and Alabama, and is affiliated with a management group operating over fifty Wendy's locations. The affluent surrounding neighborhoods contribute to a stable customer base and consistent revenue, making this a secure and attractive investment opportunity with an asking price of $2,841,667. The property's strategic location and the strength of the tenant and lease terms combine to offer a compelling passive investment opportunity with significant long-term potential.