Historical Retail Sale Listing - Chili's Grill and Bar

Retail For Sale

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Chili's Grill and Bar

273 Robert C. Daniel Jr. Parkway, Augusta, GA 30909

N/A

5,639 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
5,639 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
2.5%
Cap Rate:
8%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
1998
Lot Size:
66,799 SF
Listing ID
17706608
Last Updated
over 1 year ago

Highlights

  • New 20 year NNN lease at close of escrow
  • 1.5% annual increases
  • Strong 1st quarter 2012 store sales indicate a low 7.99% rent to salesratio
  • Experienced operator of 11 Chili's and 43 total Chili's operated in three partnerships
  • Population 147,739 5 mi radius and Average Household Income of $68,552 within 1 mi radius

Description

The property consists of a 5,639 sq. ft. free standing restaurant on an oversized parcel of land of 66,799 sq. ft providing 106 parking spaces.

It's prime location is on the west side of Robert C. Daniel Parkway in Augusta, Ga. in the major retail developement of The Augusta Exchange. Local major retailers include Target, Regal Cinemas, Ashley Furniture, Pier 1 Imports, Staples, Borders, Staples, Petsmart, with major restaurants of Macaroni Grill, Logans Roadhouse, O'Charleys, Tony Romas, Atlanta Bread, Chick-Fill-A and Starbucks. The site offers exposure and access to the 20 and 520 freeways.

Map of 273 Robert C. Daniel Jr. Parkway, Augusta, GA 30909 (Richmond County)

Research for 273 Robert C. Daniel Jr. Parkway, Augusta, GA 30909 (Richmond County)

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