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Chili's Grill & Bar: Snellville, GA 1350 Scenic Hwy N 5,979 SF Retail Building Snellville, GA 30078 $2,814,200 ($470.68/SF) 5.65% Cap Rate

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Investment Highlights

NNN Ground Lease with Renewal Options | 10% Increases in Each of the Two, 5-Year Renewal Options
Excellent Performer | Rent-To-Sales Ratio Below 5% and 12.5% YOY Sales Growth from 2023 to 2024
Affluent Demographics & Built-In Customer Base

Part of The Shoppes at Webb Gin (329,820 SF) | Sprouts Farmers Market, Barnes & Noble, DSW, Kirkland's, H&M, LOFT, J. Crew, Bath & Body Works, etc.
Positioned Along Scenic Highway North (40,500 VPD), feet from its intersection with Webb Gin House Road (5,226 VPD).
24 Miles from Downtown Atlanta | ATL MSA Population: 6.4M+

Executive Summary

The CBRE Net Lease Property Group is pleased to offer for sale the NNN Chili's Grill & Bar ground lease situated on 0.35 acres in Snellville, Georgia—part of the broader Atlanta-Sandy Springs-Roswell, GA MSA (Population: 6.48M+). Operating since 2006, the Chili's lease was most recently extended for 10 years through 2031. Currently, the lease features a corporate guaranty from Brinker International, Inc. (S&P: BB-) and ±5.7 years of term remaining with a 10% increase in each of the two, 5-year renewal options.