Listed by SRS Real Estate Partners Newport Beach
$3,248,000
Chili's
Details
APN R128444
Property Type Retail
Sub Type Restaurant
Square Footage 5,155
Cap Rate 5.25%
NOI $170,500
Occupancy 100%
Tenancy Single
Brand/Tenant Chili's
Lease Type NNN
Lease Term 50.6
Lease Expiration 08/01/2036
Remaining Term 10.2
Rent Bumps Yes
Lease Options 2 (5-Year)
Year Built 1986
Buildings 1
Stories 1
Acreage 1.150
Zoning MR - Mixed-Use Regional
Parking Spaces 95 spaces
Parking Per SqFt 18.43
Investment Type Net Lease
Lease Commencement 01/01/1986
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 5.25% CAP | 5,155 SqFt
Investment highlights
- Corporate Restaurant Tenant | Long-Term Occupancy | Scheduled Rental Increase
- NNN Lease Structure | Fee Simple Ownership | Limited Landlord Responsibilities
- High-Traffic Retail Corridor | Surrounded by National Retailers | Near Golden Triangle Mall
- Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,500.00
$14,208.33/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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