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Chili's | 6+yrs Remain Abs NNN w/ Incrs 273 Robert C Daniel Jr Pky 5,606 SF Retail Building Augusta, GA 30909 $5,030,000 ($897.25/SF) 6.50% Cap Rate
Investment Highlights
- Over 6 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 over 6 years remaining in their initial lease term with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease provides for 10% rental increases at the beginning of each option period, while NOI remains flat throughout the initial term, offering stable and predictable cash flow. The lease is franchisee guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,606 SF
Building Class
C
Year Built
1998
Price
$5,030,000
Price Per SF
$897.25
Cap Rate
6.50%
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
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0310189000 | Improvements Assessment | $679,556 |
| Land Assessment | $253,259 | Total Assessment | $932,815 |
Property Taxes
Parcel Number
0310189000
Land Assessment
$253,259
Improvements Assessment
$679,556
Total Assessment
$932,815
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Chili's | 6+yrs Remain Abs NNN w/ Incrs | 273 Robert C Daniel Jr Pky
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