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36610 US-27Haines City, FL 33844
Chili's | Haines City, FL
Asset ClassRetail
Cap Rate5.25%
Deal Size: $3.33 MRetail SF: 5,136Year Built: 2024Access Data Room
Chili's Bar & Grill | Fastest Growing FL Market
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this newly constructed Chili’s Grill & Bar featuring a 10-year NNN Ground Lease with 10% rental increases every 5 years. Chili’s is planning to open for business in November.

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Investment Highlights

  • Rare opportunity to own a corporately guaranteed, brand-new construction Chili's on a long-term lease
  • Polk County ranked as the #1 fastest growing County in Florida in 2023 with an additional +/- 17,000 homes being developed within a 6-mile radius
  • Strategically positioned between Walmart Supercenter and Lowe's along US Hwy 27 which carries a staggering 74,000 cars per day
  • Absolute Net Ground Lease provides passive ownership and stable cash flow for out of State investor
  • Florida is a top-performing state for Chili's where they operate 138+/- stores and benefit from strong brand awareness and customer loyalty
  • Excellent underlying real estate fundamentals with full access from a signalized intersection and unobstructed visibility to Hwy 27
  • Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
  • Florida has no state income tax and in 2022 ranked as the fastest-growing state in the US
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36610 US-27Haines City, FL 33844

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Listing provided by Revere CRE