Slim Chickens

4641 S Cochise Ct, Independence, MO 64055

1 / 9

For Sale

Description

LONG-TERM ABSOLUTE NNN LEASE
There are currently ±12 years remaining on the lease term followed by four (4), 5-year renewal options, with zero landlord responsibilities.
1.5% ANNUAL RENT INCREASES
Scheduled 1.5% annual rent increases begin April 21, 2027 and continue through the primary term and option periods.
ESTABLISHED MULTI-UNIT FRANCHISEE
As of 2025, AP Restaurant Group, LLC operates 15 Slim Chickens locations across Kansas, Missouri, and Oklahoma, ranking among the brand's largest multi-unit franchise groups.
ACTIVE DEVELOPMENT PIPELINE
In January 2024, AP Restaurant Group signed a 14-unit franchise development agreement for Kansas and Missouri.
E-COMMERCE AND RECESSION-RESISTANT TENANT
QSR properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
FAST-GROWING NATIONAL BRAND
Slim Chickens has experienced ~70% restaurant growth over the last three years and has been recognized on the 2025 Fast Casual Top 100 Movers & Shakers list, Entrepreneur's Franchise 500, and Franchise Times Top 400.
ESTABLISHED LOCATION
The property has operated as a quick-service restaurant leased to Slim Chickens since the property was built in 2014.
GREAT ACCESS AND VISIBILITY
Strategically positioned along the I-70 corridor at a major interchange serving the Independence Center retail district, with ±45,290 average daily traffic and strong co-tenancy from national retailers.
STRONG DEMOGRAPHICS AND TRADE AREA
The property is located in a dense, high-income trade area with over 131,000 residents within a five-mile radius and average household incomes exceeding $97,000.
HUNDREDS OF NEW MULTIFAMILY UNITS EXPANDING POPULATION
Multiple garden-style and mixed-use multifamily projects are underway in eastern Independence near Little Blue Parkway and along the I-70 corridor, with several hundred new units in various stages of planning and early construction targeting workforce households and renters-by-choice priced out of central Kansas City.
MODOT'S MULTI-YEAR I-70 MODERNIZATION ENHANCING ACCESS
MoDOT's multi-year I-70 improvement program includes widening and interchange modernization between Kansas City and Blue Springs, with ramp and traffic-flow improvements at key interchanges serving this location.

Other

CREXi Listing

Pricing

Financials

Price: $2,647,985
Cap Rate: 6.55%
NOI: $173,443

Property Details

Specs

Building Size: ±2,860 SF
Year Built: 2014
Property Type: Retail

Description

LONG-TERM ABSOLUTE NNN LEASE
There are currently ±12 years remaining on the lease term followed by four (4), 5-year renewal options, with zero landlord responsibilities.
1.5% ANNUAL RENT INCREASES
Scheduled 1.5% annual rent increases begin April 21, 2027 and continue through the primary term and option periods.
ESTABLISHED MULTI-UNIT FRANCHISEE
As of 2025, AP Restaurant Group, LLC operates 15 Slim Chickens locations across Kansas, Missouri, and Oklahoma, ranking among the brand's largest multi-unit franchise groups.
ACTIVE DEVELOPMENT PIPELINE
In January 2024, AP Restaurant Group signed a 14-unit franchise development agreement for Kansas and Missouri.
E-COMMERCE AND RECESSION-RESISTANT TENANT
QSR properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
FAST-GROWING NATIONAL BRAND
Slim Chickens has experienced ~70% restaurant growth over the last three years and has been recognized on the 2025 Fast Casual Top 100 Movers & Shakers list, Entrepreneur's Franchise 500, and Franchise Times Top 400.
ESTABLISHED LOCATION
The property has operated as a quick-service restaurant leased to Slim Chickens since the property was built in 2014.
GREAT ACCESS AND VISIBILITY
Strategically positioned along the I-70 corridor at a major interchange serving the Independence Center retail district, with ±45,290 average daily traffic and strong co-tenancy from national retailers.
STRONG DEMOGRAPHICS AND TRADE AREA
The property is located in a dense, high-income trade area with over 131,000 residents within a five-mile radius and average household incomes exceeding $97,000.
HUNDREDS OF NEW MULTIFAMILY UNITS EXPANDING POPULATION
Multiple garden-style and mixed-use multifamily projects are underway in eastern Independence near Little Blue Parkway and along the I-70 corridor, with several hundred new units in various stages of planning and early construction targeting workforce households and renters-by-choice priced out of central Kansas City.
MODOT'S MULTI-YEAR I-70 MODERNIZATION ENHANCING ACCESS
MoDOT's multi-year I-70 improvement program includes widening and interchange modernization between Kansas City and Blue Springs, with ramp and traffic-flow improvements at key interchanges serving this location.