Chili's - Net Lease Property for Sale
Lakeland, FL
Key Investment Metrics
Price
$6,357,192
Cap Rate
5.5%
Net Operating Income
$349,645
Building Size
5771 SF
Lot Size
5,771 SF
Land Area
1.38 Acres
Remaining Term
7.7 years
Lease Expiration
08/31/2033
Lease Term
15.1 years
Lease Commencement
08/06/2018
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee, Credit Rated
Year Built
1990
Occupancy
100%
Tenancy
Single
Rent Increases
1.5% annually
About This Chili's Net Lease Property
This Chili's NNN (triple net lease) property is located in Lakeland, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 5771 square feet of building space and was built in 1990.
With a cap rate of 5.5%, this Chili's net lease property offers stable income potential. The asking price is $6,357,192, making it an attractive option for 1031 exchange investors seeking quality Chili's commercial properties.
Why Invest in Chili's NNN Properties?
- Stable Income: Chili's net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Chili's is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Lakeland, FL Market Overview
Located in Lakeland, FL, this Chili's property benefits from strong local demographics and market fundamentals. The Lakeland area offers excellent visibility and accessibility, making it an ideal location for Chili's operations and a solid investment for net lease property buyers.