1292 East Prosperity Ave, Tulare, CA 93274

We are pleased to offer to qualified investors an opportunity to purchase a Chili’s Restaurant on a long-term, absolute NNN ground lease and located as an outparcel to a successful Walmart along a busy corridor in Central California. There are currently 11 years remaining with 4 - 5 year options. There are fixed rental escalations of 10% every 5 years (next increase: February 2022), followed by an approximately 35% increase in rent at the first option! The property enjoys excellent frontage along East Prosperity Avenue, which generates approximately 34,550 cars per day. Additionally, the site is adjacent to Monte Vista Shopping Center - a 20 acres power center that includes the Galaxy Movie Theater in addition to various national retailers.

The property is located just off Highway 99, which is the most trafficked highway in Central California. Surrounding retailers include Lowe’s, Chase Bank, McDonald’s, Panda Express, Home Depot, CVS and Starbucks. Brinker International, Inc is one of the largest casual restaurants and bar chains in the US with more than 1,600 stores in 50 states; the company is currently rated BBB- by Standard & Poor. Chili’s is one of the world’s leading casual dining brands. This is an excellent opportunity to purchase a highly stable, successful Chili’s absolute NNN ground lease with approximately 11 years remaining on below market rent and situated as an outparcel to Walmart on one of the busiest corridors in Tulare, CA.