Chili's

273 Robert C Daniel Jr Pkwy, Augusta, GA 30909

$5,450,000

Cap Rate 6.00%

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Updated: 03.26.24 Posted: 06.14.23 Status: Inactive

Summary

Price $5,450,000	Built/Renov 1998	Tenant Chili's
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 5,606	Lease Start 12-29-2005	#Units 1,602
Price/SF $972.17	Expiration 12-31-2032	Tenant Type Casual Dining
NOI $326,988	R. Term 7.2	Ownership Fee Simple
Rent/SF $58.33	Increases 10.0%/2/yrs	Pop 5Mi 54,685
Lot/AC 1.53	Options 3/5yrs/10%	AHHI 5Mi $60,654

Highlights

Chili’s has been operating in this location sine 2005
Tenant has over 9 years remaining on the current lease term with 3 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option period
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Brinker International, Inc. (NYSE: EAT)

Location Description

Chili’s is located at the signalized, hard corner intersection of Wheeler Road and Robert C. Daniel Jr. Parkway averaging a combined 50,300 vehicles per day. The asset is equipped with a large pylon sign, creating excellent visibility along Interstate 520 and Wheeler Road. The site benefits from nearby on/off ramp access to Interstate 520 (77,500 VPD), the primary north/south freeway...

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Key Features

Hard corner intersection
In location for years
High traffic 50M+ VPD
Freeway visibility
Top 100 MSA
Strong demographics
Long operation history
Absolute NNN
Traded and rated company
Corporate Guarantee

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Links

Chili's Wikipedia Chili's Wikipedia Augusta, Georgia Zip Code 30909 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chili's
Guarantor:Corp T and Rated
Company:Brinker International, Inc.
# Units:1,602
Tenant S&P: BB
Moody’s: Ba3
Stock: NYSE: EAT

About Tenant

Chili’s Grill & Bar is an American casual dining chain serving American food , Tex-Mex cuisine , and Mexican-inspired dishes . Founded in 1975 on the corner of Greenville Avenue and...

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Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	7,230	63,564	160,870
2025 Total Population :	7,193	62,289	157,375
2025 Employed Civilian Pop :	3,194	28,553	72,018
2025 Total Businesses :	765	3,521	6,498
2025 Average Household Income :	$ 100,992	$ 94,876	$ 94,217
2025 Total Consumer Spending :	$ 341 M	$ 2355 M	$ 5538 M
2025 Median Age :	37	38	38
2025 Total Households :	3,865	28,466	67,471
2025 Pop Age 25+: Bachelor's Degree :	1,667	9,567	22,880
2025 Average Home Value :	$ 353,138	$ 307,728	$ 303,373

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Wheeler Rd	Robert C Daniel Jr Pkwy	2008	20,220	0.11 mi
	Wheeler Rd	2021	5,930	0.17 mi
Bobby Jones Expressway	I- 20	2021	86,400	0.18 mi
Wheeler Road	I- 520	2019	38,100	0.20 mi
Wheeler Road	W Wheeler Pkwy	2021	34,100	0.20 mi
	Wheeler Rd	2021	7,870	0.25 mi
	George C Wilson Dr	2021	4,330	0.25 mi
	George C Wilson Dr	2021	7,370	0.27 mi
I- 520	Wheeler Rd	2008	77,470	0.41 mi
	I- 520	2021	3,800	0.49 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

394 Listings
124339 Views
189 Sold

Patrick Luther

SRS National Net Lease Group

Contact

446 Listings
136732 Views
222 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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