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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
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
- Store sales at this location put this property in the top 5% of Chili's in the U.S.
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 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.
Property Facts Under Contract
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 began in Texas in 1975 as a casual dining restaurant concept and later became part of Brinker International, the company behind its broader restaurant platform. The brand centers on American and Tex-Mex-inspired menu offerings, including burgers, fajitas, ribs, appetizers, and margaritas, supported by dine-in, pickup, and delivery service. Chili’s operates as a core brand within Brinker International’s casual dining portfolio, which extends through owned, operated, and franchised restaurants across a broad international network. The company’s public materials also emphasize community involvement, accessibility, and a guest experience built around approachable food and neighborhood-style hospitality.
| 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 | $2,281,925 |
| Land Assessment | $616,805 | Total Assessment | $2,898,730 |
Property Taxes
Presented by
Chili's Grill & Bar | 12181 E Colonial Dr
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