Listed by Sync Brokerage
$2,775,000
Chili's Bar & Grill Turlock
Details
APN 008-003-041-000
Property Type Retail
Sub Type Restaurant
Square Footage 5,991
Net Rentable (SqFt) 5,991
Cap Rate 4.75%
NOI $131,769
Occupancy 100%
Tenancy Single
Brand/Tenant Chili's
Lease Type Absolute NNN
Lease Term 30
Lease Expiration 06/30/2035
Remaining Term 9
Rent Bumps Yes
Price per SqFt $463
Broker Co-Op Yes
Year Built 2005
Year Renovated 2023
Lot Size (SqFt) 47,480
Zoning TUR CC
Investment Type Net Lease
Lease Commencement 07/01/2005
Occupancy Date 07/01/2005
Corporate Guarantee. Publicly traded Guarantor. Absolute NNN Lease. No Landlord Responsibilities.
Investment highlights
Corporate Guaranteed. Triple net (NNN) ground lease (leasehold).
Publicly traded parent company guarantor: Brinkers International. NYSE: EAT
Top performing store in region. Chili’s AUV is over $4.5 million.
47,480 SF signalized corner lot (1.08 AC). 116 SF on Countryside dr. 5,991 SF Net rentable area.
Tenant has over 20+ years of operating history at location. Recently signed 10 year extension.
Three 5 year options with 10% rent increase every 5 years.
Located in top California power center. Over 1.4 million SF. Ranked #2 in Northern California. #5 in California based on annual customer visits.
Listing Contacts
Listed by Sync Brokerage
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$131,769.00
$10,980.75/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
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