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| Price $4,844,000 | Built/Renov 1998 | Tenant Chili's |
| Cap Rate 6.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
5,606
| Lease Start
12-29-2005
| #Units
1,605
|
| Price/SF $864.07 | Expiration
12-31-2032
| Tenant Type Casual Dining |
| NOI $326,988 | R. Term 7.4 | Ownership Fee Simple |
| Rent/SF
$58.33
| Increases 0.0%/0/yrs | Pop 5Mi 157,083 |
| Lot/AC 1.53 | Options 3/5yrs/10% | AHHI 5Mi $97,514 |
| | |
Chili’s is strategically located at the signalized, hard-corner intersection of Wheeler Road and Robert C. Daniel Jr. Parkway, with combined traffic counts exceeding 50,000 vehicles per day and direct access to Interstate 520 (88,900 VPD). The property is situated within Augusta Exchange, a 1 million SF power center anchored by Target, and is just 1.5 miles from Augusta Mall (1.1 million SF)....
...New construction
Signalized intersection
Freeway visibility
Strong tenant synergy
Dense 100M+ pop 5 mi
Strong demographics
Absolute NNN
Long 10+ yr lease
Over 500 units backed
Credit rated company
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...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
