deal image
7643 Gall BlvdZephyrhills, FL 33541
Chili's Grill & Bar - Zephyrhills, FL
Asset ClassRetail
overview of deal

Overview

Collison Capital is pleased to present an absolute NNN leased Chili’s Grill & Bar located at 7643 Gall Blvd in Zephyrhills, FL, a rapidly expanding northern suburb of the Tampa MSA. The Zephyrhills/Pasco County submarket has experienced significant population growth over the last 5 years, increasing by 5% annually between 2020 and 2029. Cumulatively, the current & future growth is expected to yield a stunning 46% submarket household formation increase. Built in 2003, the property comprises 4,468SF on 1.04 acres at the entrance to a Walmart Supercenter. The Chili's provides an investor the opportunity to acquire an exceptionally welllocated asset that is leased to a strong publicly traded tenant (Brinker International). This Chili's is subject to a 15-year absolute NNN lease w/ 8 years of base term remaining and 6 5-year options. During both the base term and extension periods there are 1.5% annual rent increases.

 

 

 

Access the Data Room

Investment Highlights

  • Property is located along Gall Blvd, a rapidly growing retail corridor in the Tampa MSA, and is an outparcel to a Walmart Supercenter, driving consistent vehicular traffic to the site
  • 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)
deal gallery image
deal gallery image
deal gallery image
7643 Gall BlvdZephyrhills, FL 33541

Exclusively Marketed By:

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

Inquire

Listing provided by LightBox Revere