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Chili's 7643 Gall Blvd 4,468 SF Retail Building Zephyrhills, FL 33541 $5,188,525 ($1,161.26/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Property is located along Gall Blvd, a rapidly growing retail corridor in the Lakeland MSA, and is an outparcel to a Walmart Supercenter
- Absolute NNN lease with no landlord obligations and 1.5% annual rent increases during the base term
- Corporate Guaranty - Brinker International (NYSE: EAT) Credit Rating "BB+" - S&P
- The property's proximity to major highways, including US-301 and State Road 54, provides convenient access for customers and employees.
EXECUTIVE SUMMARY
Built in 2003, the property comprises 4,468SF on 1.04 acres at the entrance to a Walmart Supercenter. The Chili's provides an investor the opportunity to acquire an exceptionally welllocated asset that is leased to a strong publicly traded tenant (Brinker International). This Chili's is subject to a 15-year absolute NNN lease w/ 8 years of base term remaining and 6 5-year options. During both the base term and extension periods there are 1.5% annual rent increases.
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Aug 2033
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 | - | - | Triple Net | Aug 2033 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 34-25-21-0110-00000-0040 | Improvements Assessment | $413,550 |
| Land Assessment | $815,291 | Total Assessment | $1,228,841 |
PROPERTY TAXES
Presented by
Chili's | 7643 Gall Blvd
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