Property History
SAB Capital is pleased to present Chili's in Chesapeake, VA, the 2nd most populous city in the state. The tenant is subject to an absolute triple net (NNN) lease with 1.5% annual increases. The property has strategically located as an outparcel to Sam's Club and Walmart Supercenter. The lease is corporately-guaranteed by Brinker International (NYSE: EAT).
Chili's in Chesapeake, VA | 2nd most populous city in Virginia
Zero landlord responsibilities | absolute triple net (NNN) lease structure
Strong hedge against inflation | 1.5% escalations annually
High credit, experienced operator | lease guaranteed by Brinker International (NYSE: EAT)
Strong location fundamentals | outparcel to Sam's Club and Walmart Supercenter
Extremely dense retail trade area | 2.3 million square of retail within 1 mile
Densely populated location | over 136,000 residents within 5 miles
National retailers located nearby | Target, Chick-Fil-A, Starbucks, and many more
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
Property Details
Contacts
Map
Comparable Properties
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