This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
50 Makena Dr
Somerset, KY 42501
Brand New 10-Year NNN Ground Lease | Chili's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 10-Year NNN Ground Lease Chili's
- 5.74% Blended Cap Rate | 5.5% Cap Yr 1 (6.0% Cap Yr 6)
- 27,841 VPD
- Significantly Below Replacement Cost | Land Valued at $1.54M
- Corporate Guarantee (Brinker International) (www.brinker.com) NYSE: EAT
- 10% Rental Increase at Year 6
PROPERTY FACTS
ABOUT 50 MAKENA DR , SOMERSET, KY 42501
SVN Stone Commercial is pleased to present this brand new 10-year NNN Ground Lease Chili's investment offering in Somerset, KY. Rent commenced and Chili's opened November 2019. Chili's annual rent is $94,000 for years 1-5 and has a 10% rental increase years 6-10 with four 5-year options. The lease is guaranteed by Brinker Restaurant Corporation (Brinker International) which has over 1,600 restaurants in 31 countries and generated over $3B in revenue in 2018. Please contact Nathan Dilly at nathan.dilly@svn.com or 859-420-5492 for additional information.
PROPERTY TAXES
| Parcel Number | 061-0-0-11.2 | Improvements Assessment | $1,100,000 |
| Land Assessment | $1,000,000 | Total Assessment | $2,100,000 |
PROPERTY TAXES
