Chili's | 8yrs Remain Abs NNN w/ Incrs 273 Robert C Daniel Jr Pky 5,606 SF Retail Building Augusta, GA 30909 $4,844,000 ($864.07/SF) 6.75% Cap Rate

INVESTMENT HIGHLIGHTS

  • Approximately 8 Years Remaining | Franchisee Guaranteed | Scheduled Rental Increases
  • Signalized, Hard Corner Intersection | Interstate 520 | Excellent Visibility & Access
  • Hospitality Cluster in Immediate Trade Area | Direct Residential Consumer Base
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Located Within Augusta Exchange | Augusta Mall (1.1M SF) | Strong National/Credit Tenant Presence
  • Strong Demographics in 5-Mile Trade Area

EXECUTIVE SUMMARY

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, franchisee guaranteed, Chili’s Grill & Bar investment property located in Augusta, Georgia. The tenant has approximately 8 years remaining in their initial lease term with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is franchisee guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an passive investor.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,606 SF
Building Class
C
Year Built
1998
Price
$4,844,000
Price Per SF
$864.07
Cap Rate
6.75%
NOI
$326,988
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.53 AC
Zoning
B-2 - General Business
Parking
120 Spaces (21.41 Spaces per 1,000 SF Leased)
Frontage
175’ on Exchange Dr

AMENITIES

  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

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 99,999 SF - Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

The YMCA
Twin Peaks
O'Charley's
Logan's Roadhouse
Waffle House
MOD Pizza
Premier Martial Arts International
Crunch
Starbucks
Navy Federal Credit Union

PROPERTY TAXES

  • Listing ID: 34363521

  • Date on Market: 1/3/2025

  • Last Updated:

  • Address: 273 Robert C Daniel Jr Pky, Augusta, GA 30909