Chili's - Net Lease Property for Sale
Zephyrhills, FL
Key Investment Metrics
Price
$5,188,525
Cap Rate
5.5%
Net Operating Income
$285,368
Building Size
4468 SF
Lot Size
4,468 SF
Land Area
1.1 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
Credit Rated, Corporate Guarantee
Year Built
N/A
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 Zephyrhills, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 4468 square feet of building space.
With a cap rate of 5.5%, this Chili's net lease property offers stable income potential. The asking price is $5,188,525, 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.
Zephyrhills, FL Market Overview
Located in Zephyrhills, FL, this Chili's property benefits from strong local demographics and market fundamentals. The Zephyrhills area offers excellent visibility and accessibility, making it an ideal location for Chili's operations and a solid investment for net lease property buyers.