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12181 E Colonial DrOrlando, FL 32826
Chili's Grill & Bar - Orlando, FL
Asset ClassRetail
overview of deal

Overview

Collison Capital is pleased to present an absolute NNN leased Chili's Grill & Bar located at 12181 E1 t Colonial Drive in Orlando, FL. Built in 1992 and situated on 0.88 acres of land, Chili's comprises 5,432 square feet of rentable space and is ideally located along one of the Orlando MSA's most active retail corridors (49,800 daily traffic volume). The subject property provides an investor the opportunity to acquire an exceptionally well-located asset that is leased to a strong publicly traded tenant (Brinker International) with attractive lease terms. This Chili's Grill & Bar is subject to a 15- year absolute NNN lease with 8 years of base term remaining and 6, 5-year options. During both the base term and extension periods, the lease includes 1.5% annual rent increases.

 

 

 

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Investment Highlights

AVG SF
5,432
Land
0.88 Acres
Year Built
1992
  • Located along one of Orlando's most active retail corridors that has experienced substantial multifamily development and population growth
  • 1.5% annual rent increases during the base rent term & 1st option. Subsequent options equal 95% FMV w/ 1.5% annual rent increases.
  • Corporate Guaranty - Brinker International (NYSE: EAT) Credit Rating "BB+" - S&P
  • Earnings Performance - Brinker has experienced 39.4% average annual earnings growth over the last five years
  • The subject property has over 30-year operational history at this location
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12181 E Colonial DrOrlando, FL 32826

Exclusively Marketed By:

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