Chili's Grill & Bar 12181 E Colonial Dr 5,432 SF Retail Building Orlando, FL 32826 $5,484,882 ($1,009.74/SF) 5.70% Cap Rate

Collison Capital is pleased to present an absolute NNN leased Chili's Grill & Bar located at 12181 E Colonial Drive in Orlando, FL. Built in 1992 and situated on 0.88 acres of land, Chili's comprises 5,432 square feet of rentable space and is ideally located along one of the Orlando MSA's most active retail corridors (49,800 daily traffic volume).
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 7.5 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.
The property is situated on East Colonial Drive, one of Orlando's major thoroughfares that connects the submarket directly with the Orlando Central Business District. The property is located two miles South of the University of Central Florida, the 2nd largest university in the United States. Recent trends show the Orlando MSA is experiencing significant population growth, a strong labor market, and robust economic expansion, making it the fastest growing large region in the US.