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Chili's Grill & Bar 12181 E Colonial Dr 5,432 SF Retail Building Orlando, FL 32826 $5,704,037 ($1,050.08/SF) 5.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Located along one of Orlando's most active retail corridors that has experienced substantial multifamily development and population growth
- Corporate Guaranty - Brinker International (NYSE: EAT) Credit Rating "BB+" - S&P
- The property is easily accessible to downtown Orlando, the University of Central Florida, and all major submarket demand drivers in Central Florida.
- 1.5% annual rent increases during the base rent term & 1st option. Subsequent options equal 95% FMV w/ 1.5% annual rent increases.
- The subject property has over 30-year operational history at this location
EXECUTIVE SUMMARY
The subject property provides an investor the opportunity to acquire an exceptionally well- located asset that is leased to a strong publicly traded tenant (Brinker International) with attractive lease terms. This Chili's Grill & Bar is subject to a 15- year absolute NNN lease with 8 years of base term remaining and 6, 5-year options. During both the base term and extension periods, the lease includes 1.5% annual rent increases.
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Aug 2033
Chili’s Grill & Bar is in the business of making everyone feel special. In everything they do, they have to ask themselves if they’re putting the Guest first and making sure they’ll come back for more. Their Cultural Beliefs bring that passion to life and shape who they are as a company and as the people who live and breathe inside of it. They’re more than mere transactions – they’re people connecting with people! If their beliefs are strong, their actions will match. And that’s how they create memorable experiences and real results. As food on their menu comes in all shapes, sizes and flavors, no two Team Members are the same, and that’s the way they like it. It’s quite simple: They believe a diverse, equitable and inclusive workplace is good for Team Members, Guests, and the communities they serve. Their Team Members and Guests are diverse in gender, race, ethnicity, sexual orientation, disability, religion, age, cultural background and life experience.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | - | Triple Net | Aug 2033 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-2231-9461-00-030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,102,814 |
PROPERTY TAXES
Presented by
Chili's Grill & Bar | 12181 E Colonial Dr
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