Slim Chickens
Slim Chickens is a small, privately held, mostly franchised chicken-tender brand that is growing quickly but is still unproven in many markets. Leases are franchisee-signed and the US base is only around 200 units, so treat it as a higher-risk, operator-driven credit.
- US units
- 215
- 2026 (approx.)
- 3Y net growth
- +45.3%
- vs. FY2022
- Credit rating
- NR
- No public rating
- Typical term
- 15 yr
- Franchisee-signed NNN (absolute NNN common)
- Model
- Franchised
- Private
Unit count
Slim Chickens in the news
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Slim Chickens net lease FAQ
What is Slim Chickens's credit rating?
Slim Chickens does not carry a public S&P issuer credit rating (NR). Landlords underwrite it on unit-level performance, the guarantor named in the lease and, for public companies, reported financials.
How many Slim Chickens locations are there in the US?
Slim Chickens reported about 215 US locations as of 2026 (approx.). That is +45.3% versus 148 in FY2022.
What does a typical Slim Chickens net lease look like?
Lease type: Franchisee-signed NNN (absolute NNN common). Initial term: 15 yr. Rent increases: 10% every 5 yrs. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Slim Chickens corporate or franchised?
Operating model: Franchised (~96% franchised). For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.