NNN Chili’s, Crystal River FL

  • Price: US $ 3,335,354
  • Property Type: Free standing                    
  • Occupancy: 100%
  • CAP: 5.5%
  • Building Area: approx.  5,768 SF = 532 m²
  • Lot:  approx. 52,707 SF = 5,058 m²
  • NOI: Us $183,444
  • Annual Expenses: Tenant responsible for all expenses including property tax, insurance and maintenance
  • Contract Terms: lease commenced on 8/6/2018 and ends on 8/31/2033
  • Increases: 1.5 yearly
  • Extensions: (6) five years options
  • Guarantor: Corporate Brinker International, Inc. (NYSE: EAT).
  • Location: The subject property is located at 140 N. SunCoast Boulevard in Crystal River, part of Florida’s Nature Coast. Chili’s sits on Home Depot out-parcel across from Crystal River Airport.
  • The property has excellent visibility on SunCoast Boulevard with average daily traffic counts of 30,500 VPD. In addition to the Home Depot, the Chili’s joins a diverse mix of tenants in the immediate area including BB&T, Bealls, Applebee’s, Arby’s, Bealls Outlet, DQ, Domino’