Chili's
Espanola, NM 87532
New Extension- PAD to Lowe's- Bite Size Price · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New Lease Extension- Proven Absolute NNN Corp. Ground Lease by Brinker International (NYSE: EAT)
- Best in Class Tenant/Market Leader- Rent Bumps every 5 Yrs. - Zero LL Duties- Below Market Rents
- One of the World’s Leading Casual Dining Restaurant Companies- 1665+ Locations- Iconic U.S. Brand
- Outparcel PAD of Lowe’s and Walmart – Main Retail Corridor for City- Path of Commercial Development
- Growing Suburb within Santa Fe County- Part of the Albuquerque/Santa Fe/Las Vegas MSA- Historical
- Early Primary Term Lease Renewal with 10% Rent Bumps every 5 Years- Strong Performing & Low RTS
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
6,161 SF
Building Class
C
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
10.34 AC
Parking
52 Spaces (8.44 Spaces per 1,000 SF Leased)
ABOUT CHILI'S , ESPANOLA, NM 87532
We are pleased to offer to qualified investors an opportunity to purchase a single tenant NNN leased investment (fee simple) fully occupied by Chili’s corporate entity Brinker Restaurant Corp. (NYSE: EAT). Positioned as an outparcel to Lowe’s and shadow anchored by Walmart Supercenter; the subject property benefits from great retail synergy provided by the anchor tenants as well as the adjacent brand new Starbucks anchored multi-tenant center along wth McDonald’s, and Freddy’s Frozen Custard & Steakburgers. This offering provides investors the ability to acquire a publicly traded credit rated tenant, with at or below market rents, on a NNN lease, located in the main retail trade area of Espanola, NM.
PROPERTY TAXES
| Parcel Number | 1-047-121-187412 | Improvements Assessment | $1,815,677 |
| Land Assessment | $485,067 | Total Assessment | $2,300,744 |
