610 Sam Ridley Pky W
Smyrna, TN 37167
Chili's Grill & Bar (Corporate Lease) · Retail Property For Sale

NEW 15-YEAR ABSOLUTE NNN LEASE The subject property operates under an Absolute NNN Lease, with 15-years remaining and no Landlord management or maintenance responsibilities whatsoever. CORPORATELY GUARANTEED LEASE WITH ANNUAL RENT INCREASES The Corporate Lease provides 1.5% fixed annual rent increases during the primary term and is corporately guaranteed by Brinker International, Inc. (NYSE: EAT). LEASE GUARANTOR IS ONE OF THE WORLDS LEADING CASUAL DINING RESTAURANT COMPANIES Brinker International, Inc., the Guarantor under the Lease, has a credit rating of BB+ from Standard & Poors and Ba1 from Moodys. WELL-ESTABLISHED LOCATION WITH STRONG DEMOGRAPHICS The subject property has a 14-year operational history at this location, situated on Sam Ridley Parkway West (45,983 VPD) in Smyrna, and part of the Nashville MSA. The location also has an average household income of $66,855 within a one-mile radius. Seller will guarantee Buyer the difference between the current rent and the next rent increase scheduled for August 1, 2019. Income shown reflects proforma rent as of August 1, 2019. The difference in rent will be credited at closing. (1) Chili’s Grill & Bar is the Tenant under the Lease. Brinker International, Inc. is the Guarantor.