Restaurant

Chuy's Ground Lease

904 E Lafayette St, Tallahassee, FL 32301

Listing Price: $5,400,000

Cap Rate
6.00%
Tenant Name
Chuy’s OPCO, Inc.
Years Remaining On Lease
10.90
Guarantor
Corporate Guarantee
Rentable SF
7,375
Lease Type
NNN Ground Lease
Rent Per Square Feet
$43.25

Investment Overview

Chuy’s is a Tex-Mex restaurant chain established in 1982 in Austin, Texas by Mike Young and John Zapp. As of March 2019, Chuy’s had close to 100 restaurants in 19 states: Alabama, Arkansas, Colorado, Florida, Georgia, Indiana, Illinois, Kansas, Kentucky, Louisiana, Texas, Tennessee, Oklahoma, North Carolina, South Carolina, Maryland, Virginia, Missouri, and Ohio.

Investment Highlights

  • Corporate Lease Guaranteed by Chuy's Holdings, Inc.
  • Located in Dense Retail Corridor - Surrounding National Retailers Include Best Buy, Michaels, Dollar Tree, Bed Bath & Beyond, Target, and More
  • 11 Years Remaining on Absolute Triple-Net (NNN) Ground Lease
  • 10% Rental Increases Every 5 Years - Next Increase Occurs June 2021
  • 167,934 Residents within a 5-Mile Radius - Infill Tallahassee

Exclusively Listed By

Listing Price: $5,400,000

Cap Rate
6.00%
Tenant Name
Chuy’s OPCO, Inc.
Years Remaining On Lease
10.90
Guarantor
Corporate Guarantee
Rentable SF
7,375
Lease Type
NNN Ground Lease
Rent Per Square Feet
$43.25

Investment Highlights

  • Corporate Lease Guaranteed by Chuy's Holdings, Inc.
  • Located in Dense Retail Corridor - Surrounding National Retailers Include Best Buy, Michaels, Dollar Tree, Bed Bath & Beyond, Target, and More
  • 11 Years Remaining on Absolute Triple-Net (NNN) Ground Lease
  • 10% Rental Increases Every 5 Years - Next Increase Occurs June 2021
  • 167,934 Residents within a 5-Mile Radius - Infill Tallahassee

Investment Overview

Chuy’s is a Tex-Mex restaurant chain established in 1982 in Austin, Texas by Mike Young and John Zapp. As of March 2019, Chuy’s had close to 100 restaurants in 19 states: Alabama, Arkansas, Colorado, Florida, Georgia, Indiana, Illinois, Kansas, Kentucky, Louisiana, Texas, Tennessee, Oklahoma, North Carolina, South Carolina, Maryland, Virginia, Missouri, and Ohio.

Exclusively Listed By

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