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3980 US Hwy 98 NLakeland, FL 33809
Chili's Grill & Bar - Lakeland, FL
Asset ClassRetail
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Overview

Collison Capital is please to present an absolute NNN leased Chili’s Grill & Bar located at 3980 US Highway 98 N in Lakeland, Florida, one of the most dynamic submarkets in the Southeast U.S. The property comprises 5,771 SF or rentable space on 1.38 acres at the entrance to Lakeland Square Mall (458K SF). Positioned immediately North of Interstate 4, the primary transportation artery between Orlando and Tampa, US Highway 98 has become a sought-after market for many national restaurant operators. In addition to the heavy vehicular traffic along US Highway 98 (60K daily traffic volume), the submarket population is projected to grow by 3.8% annually over the next five years, nearly 4x the U.S. population growth rate.

 

 

 

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Investment Highlights

AVG SF
5,771
Land
1.38 Acres
Year Built
1990
  • Property is located along US Highway 98 N, the most dynamic retail corridor in the Lakeland MSA, and is positioned immediately North of Interstate 4, the primary artery in Central Florida. Adjacent to Chick-fil-A, Chase Bank, and Lakeland Square Mall
  • Corporate Guaranty - Brinker International (NYSE: EAT) Credit Rating "BB+" - S&P. Brinker has experienced 39.4% average annual earnings growth over the last five years and has a current market cap of over $6.2B
  • Absolute NNN lease with no landlord obligations and 1.5% annual rent increases during the base term and extension options (six five-year options)
  • 30+ years of operational history at this location
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3980 US Hwy 98 NLakeland, FL 33809

Exclusively Marketed By:

Carter CollisonDirector of Acquisitions and Dispositions(407) 234-4111carter@collisoncap.com
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