Chili's
Chili's in Augusta, GA | Over 6 Years Remaining Absolute NNN w/ Increases | 5,606 SF
Marketing description
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, franchisee guaranteed, Chili’s Grill & Bar investment property located in Augusta, Georgia. The tenant has over 6 years remaining in their initial lease term with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease provides for 10% rental increases at the beginning of each option period, while NOI remains flat throughout the initial term, offering stable and predictable cash flow. The lease is franchisee guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Investment highlights
- Over 6 Years Remaining | Franchisee Guaranteed | Scheduled Rental Increases | COVID-Resistant
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Interstate 520 | Excellent Visibility & Access
- Located Within Augusta Exchange | Augusta Mall (1.1M SF) | Strong National/Credit Tenant Presence
- Hospitality Cluster in Immediate Trade Area | Direct Residential Consumer Base
- Strong Demographics in 5-Mile Trade Area
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