Skip to main content

Restaurant

Chili's

2230 Mt Zion Pkwy, Morrow, GA 30260

Listing Price: $2,970,000

Cap Rate
5.50%
Tenant Name
BRINKER GEORGIA, INC.
Years Remaining On Lease
5.4
Guarantor
Corporate Guarantee
Rentable SF
5,781
Lease Type
Absolute Net
Rent Per Square Feet
$28.26

Investment Overview

This investment features an absolute NNN leased Chili’s which requires no landlord responsibility. Additionally, this investment has four, 5-year option periods with 1.5% annual increases. The lease term has approximately 5.5 years remaining. The Subject Property is situated on a large 1.85-acre lot and has great visibility from Interstate 75 (±140,000 VPD). Neighboring national tenants include Longhorn Steakhouse, America's Best Value Inn, Country Inn & Suites, Arby's, Waffle House and more. Chili’s Grill & Bar is an American casual dining restaurant chain. The company was founded in Texas by Larry Lavine in 1975 and is currently owned and operated by Brinker International. Today, the company operates over 1,600 restaurants.

Investment Highlights

  • Tenant recently signed a 5-year lease extension
  • Absolute NNN Lease: no Landlord responsibilities
  • Corporate Guaranty: Brinker International, Inc. (NYSE: EAT) | Rated B1 (Moody's)
  • Chili's Company sales in the fourth quarter of fiscal 2021 increased to $898.7 million as compared to $518.9 million in the fourth quarter of fiscal 2020

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $2,970,000

Cap Rate
5.50%
Tenant Name
BRINKER GEORGIA, INC.
Years Remaining On Lease
5.4
Guarantor
Corporate Guarantee
Rentable SF
5,781
Lease Type
Absolute Net
Rent Per Square Feet
$28.26

Investment Highlights

  • Tenant recently signed a 5-year lease extension
  • Absolute NNN Lease: no Landlord responsibilities
  • Corporate Guaranty: Brinker International, Inc. (NYSE: EAT) | Rated B1 (Moody's)
  • Chili's Company sales in the fourth quarter of fiscal 2021 increased to $898.7 million as compared to $518.9 million in the fourth quarter of fiscal 2020

Investment Overview

This investment features an absolute NNN leased Chili’s which requires no landlord responsibility. Additionally, this investment has four, 5-year option periods with 1.5% annual increases. The lease term has approximately 5.5 years remaining. The Subject Property is situated on a large 1.85-acre lot and has great visibility from Interstate 75 (±140,000 VPD). Neighboring national tenants include Longhorn Steakhouse, America's Best Value Inn, Country Inn & Suites, Arby's, Waffle House and more. Chili’s Grill & Bar is an American casual dining restaurant chain. The company was founded in Texas by Larry Lavine in 1975 and is currently owned and operated by Brinker International. Today, the company operates over 1,600 restaurants.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

MM Texture Background
MM Textured Background Lower