1864 Democracy Pt - Restaurant FOR SALE


Colorado Springs, CO 80908- Pine Creek
$4,102,917 USD
858-558-5670
1864 Democracy Pt, Colorado Springs, CO for Sale
$4,102,917 USD
Restaurant - FOR SALE
1/3
null | Request Cap Rate

1864 Democracy Pt
Colorado Springs, CO 80908
Pine Creek


HIGHLIGHTS

  • Premier Frontage Along Main Retail & Traffic Corridor
  • Strategic Location In InterQuest Corridor – A Major Growth Hub
  • Direct Access to Interstate-25 & State Highway 21
  • Proximity To U.S. Air Force Academy – Strong Built-In Demand Driver
  • Dense Retail, Entertainment, & Hospitality Node
  • Colorado Springs – A Top National Growth Market: Exceptional Demographics & Income Profile

OVERVIEW

Constructed in 2021, this 3,850-square-foot freestanding Slim Chickens restaurant—complete with a dedicated drive-thru—is situated on a prime 0.95-acre parcel in one of Colorado Springs’ most dynamic and fast-growing neighborhoods. The property is secured by a long-term, passive investment structure, featuring a 20-year absolute NNN fee simple lease that extends through February 2041. Investment Highlights: Long-Term Lease Backed By Established Franchisee: L.O.V.E. Restaurant Group, Inc., a successful and experienced franchisee of the fast-growing Slim Chickens brand, entered a 20-year lease commencing on February 22, 2021. The lease offers approximately 15.5 years of remaining term, providing long-term income security with a strong operator. Absolute NNN Lease Structure: The lease is structured as an absolute triple net (NNN), with zero landlord responsibilities for maintenance, operations, or capital expenses. Rare Fee Simple QSR: As a fee-simple ownership structure, investors can bene?t from depreciation of the improvements—an advantage not available with ground lease assets—making this a highly attractive and tax-efficient investment Attractive Rent Increases: The lease features 7.5% rent increases every ?ve years, both during the primary term and renewal options, offering a reliable hedge against in?ation and consistent income growth over time. Slim Chickens: Fast-Casual Growth Leader Backed By Strategic Capital: Slim Chickens is a rapidly growing fast-casual brand with 290+ locations across the U.S., U.K., and Germany. Backed by institutional capital and seasoned franchisees, it aims to reach 600+ units by 2027. In 2024, the brand generated over $450 million in global sales, driven by strong loyalty, consistent performance, and solid unit economics. Ongoing investment in expansion and infrastructure positions Slim Chickens as a leading force in fast-casual dining.

FOR SALE DETAILS

PRICE

$4,102,917 USD

PRICE/SF

$1,282 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Slim Chickens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

21.89 AC

LAND SF

953,528 SF

ZONING

PUD

APN/PARCEL ID

62204-02-007

ASK ABOUT THIS PROPERTY

Blake TagmyerCushman & WakefieldMore Info
858-558-5670

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Blake TagmyerCushman & WakefieldMore Info
858-558-5670

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.