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Chili's Grill & Bar 7643 Gall Blvd 4,468 SF Retail Building Zephyrhills, FL 33541 $4,993,955 ($1,117.72/SF) 5.80% 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 well located 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/ 7.5 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 Under Contract
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 began in Texas in 1975 as a casual dining restaurant concept and later became part of Brinker International, the company behind its broader restaurant platform. The brand centers on American and Tex-Mex-inspired menu offerings, including burgers, fajitas, ribs, appetizers, and margaritas, supported by dine-in, pickup, and delivery service. Chili’s operates as a core brand within Brinker International’s casual dining portfolio, which extends through owned, operated, and franchised restaurants across a broad international network. The company’s public materials also emphasize community involvement, accessibility, and a guest experience built around approachable food and neighborhood-style hospitality.
| 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 Grill & Bar | 7643 Gall Blvd
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