Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
$5,392,000
Chili's
Details
APN 24200, 24201
Property Type Retail
Sub Type Restaurant
Square Footage 5,355
Cap Rate 5.1%
NOI $275,000
Tenancy Single
Brand/Tenant Chili's
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 11/30/2035
Remaining Term 9.4
Lease Options None
Year Built 2000
Acreage 2.464
Zoning B-2: General Business
Parking Spaces 112 spaces
Parking per 1,000 SqFt 20.92
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/01/2025
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 5.10% CAP | 5,355 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Chili’s investment property located in Nacogdoches, Texas. The tenant, Chili’s, recently signed a brand new 10-year lease extension with no options to extend. The lease is absolute NNN with zero landlord responsibilities. The 2.46-acre parcel, which is zoned general business and located directly across from Stephen F. Austin University, is an ideal opportunity for a covered land play, as demand for student housing in the area is high and Chili’s lease contains no options to extend.
Investment highlights
- New 10-Year Extension | Corporate Signature | Long Operating History
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Retail Corridor | Proximity to Multi-Family Developments
- Covered Land Play Opportunity | Stephen F. Austin University | 2.46-Acre Lot | General Business Zoning
- Signalized, Hard Corner Intersection | Significant Frontage |Excellent Visibility & Access
- Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$275,000.00
$22,916.67/mo
Valuation Metrics
0
DSCR
5.1%
Cap Rate
5.1%
ROI
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