April 12, 2024 – Zach Smith and Sean McHale of Horvath & Tremblay have successfully completed the sale of Slim Chickens in London, Kentucky. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,029,471.
Slim Chickens is located at 2017 Kentucky Route 192 in London, Kentucky. The single tenant stand-alone building consists of 4,385 square feet and sits on a 1.04-acre lot. Slim Chickens has 13+ years remaining on an Absolute NNN Lease with two (2), 5-Year renewal options. The lease calls for 7.5% rent increases every 5-years throughout the base term and at the start of each renewal option period. The property is extremely well located along Kentucky Route 192 and is adjacent to the exchange with Interstate 75. The Property enjoys outstanding visibility and frontage along one of the area’s primary retail thoroughfares, and benefits from outstanding traffic counts. The Property is surrounded by national retailers and restaurants that drive traffic to the area as well as densely populated residential neighborhoods that provide a built-in customer base. The Property is surrounded by businesses and national retailers along University Avenue and enjoys close proximity to several area schools and Interstate 27. Additionally, the Property is seconds from three nationally branded hotels and is only 1.25-miles from the 150-bed Saint Joseph’s Health Hospital. London is approximately 75-miles from Lexington, KY and 95-miles from Knoxville, TN.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.