859-264-0888
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.
HIGHLIGHTS
  • Brand New 10-Year NNN Ground Lease Chili’s
  • Significantly Below Replacement Cost | Land Valued at $1.54M
  • 5.74% Blended Cap Rate
  • 5.5% Cap Yr 1 (6.0% Cap Yr 6)
  • 27,841 VPD
  • 10% Rental Increase at Year 6
  • Corporate Guarantee (Brinker International) (www.brinker.com) NYSE: EAT