This Retail Property is Off-Market.

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

5,639 SF · Retail For Sale

N/A

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Chili's Grill and Bar

Price N/A Cap Rate 8%
Building Size 5,639 SF Occupancy 100%
Property Type Retail No. Stories 1
Property Sub-type Restaurant Tenancy Single
Property Use Type Net Lease Investment with 10+ years left on lease Year Built 1998
Commission Split 2.5% Lot Size 66,799 SF
Listing ID: 17706608 Date Created: 06/14/2012 Last Updated: 11/26/2012

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.

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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