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Chicken N Pickle Finalizes Sale of Five Locations
The restaurant and pickleball concept seeks continued growth and expansion
North Kansas City, MO - Chicken N Pickle, the unique, indoor/outdoor family entertainment complex including a casual, chef-driven restaurant and sports bar that also boasts pickleball courts and a variety of yard games, announced the sale of five locations, with the sixth expected to close in the coming weeks.
The sale of these real estate assets will allow for continued investment in the growth and expansion of the company and brand. A common practice for growing businesses, the sale-leaseback strategy provides Chicken N Pickle the ability to invest more in current business and future expansion.
The buyer, Essential Properties Realty Trust, Inc. acquires, owns, and manages single-tenant properties that are net leased to middle-market companies operating service-oriented or experience-based businesses. Based in Princeton, NJ, Essential Properties owns more than 1,500 properties comprising over 300 different tenants.
“Our recent transaction with Chicken N Pickle is an excellent example of how Essential Properties partners with high quality and expanding operators to unlock the value of their real estate and facilitate growth,” said Pete Mavoides, Essential Properties President and CEO.
“We were thrilled to close on a multi-unit, sale-leaseback transaction with such a great operator and concept,” said Max Jenkins, Senior Vice President and Head Investments for Essential Properties. “We look forward to growing our partnership in the coming years.”
Founded in North Kansas City, MO, in 2016, Chicken N Pickle welcomes more than 800,000 visitors a year to each of its six operating locations, with three more announced and in development. Complexes feature as many as 11 pickleball courts, an expansive lawn/performance/picnic space, a chef-driven, casual restaurant, sports bar and private dining/entertaining spaces ideal for corporate gatherings and private events.
"We are excited about this step for Chicken N Pickle,” said Chase Watson, Chicken N Pickle Director. “The transaction validates the success of the business and our credit in the triple net lease space. Management of Essential Properties was terrific to work with and we look forward to continued partnership."
About Chicken N Pickle
Chicken N Pickle is a unique, indoor/outdoor entertainment complex including a casual, chef-driven restaurant and sports bar that boasts pickleball courts and indoor/outdoor games for all ages. Its mission is to provide an atmosphere that fosters fun, friendship, and community.
A key tenet of Chicken N Pickle is demonstrated through the Our Hearts Are Local program, which focuses on creating philanthropic partnerships to strengthen our neighborhoods and beyond. Dozens of charitable events are held annually and proceeds are donated back to the communities we serve. Good Food. Good Friends. Great Fun. For more information, please visit www.chickennpickle.com.