New 10-Year NNN Ground Lease Chili’s Investment Opportunity
by Melissa Underwood | Jan 24, 2020
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SVN Stone Commercial is pleased to present this brand new 10-year NNN Ground Lease Chili’s investment offering in Somerset, KY. Rent commenced and Chili’s opened November 2019. Chili’s annual rent is $94,000 for years 1-5 and has a 10% rental increase years 6-10 with four 5-year options. The lease is guaranteed by Brinker Restaurant Corporation (Brinker International) which has over 1,600 restaurants in 31 countries and generated over $3B in revenue in 2018. Please contact Nathan Dilly at nathan.dilly@svn.com or 859-420-5492 for additional information.
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Brand New 10-Year NNN Ground Lease Chili’s
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Significantly Below Replacement Cost | Land Valued at $1.54M
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5.74% Blended Cap Rate
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5.5% Cap Yr 1 (6.0% Cap Yr 6)
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27,841 VPD
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10% Rental Increase at Year 6
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