$2,550,000 USD
561-427-6699
HIGHLIGHTS
- High-profile location on Bruce B Downs Blvd. (60,000 VPD) in one of Tampa's most sought after submarkets ($ AHHI in 3 miles)
- Chili's rent equates to $21.74/SF or $71,200/Acre offering future upside potential
- Absolute Net Ground Lease provides passive ownership and stable cash flow for out of State investor
- Fixed rent increases in option periods provide a hedge against inflation and consistent rent growth
- Chili's has been operating at this location for over 20 years and rent will increase approximately 9% in 2027 should tenant exercise their renewal opt
- Florida is a top performing state for Chili's where they operate 138+/- stores and benefit from strong brand awareness and customer loyalty
OVERVIEW
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this corporately backed Chili's Grill & Bar ground lease in Tampa, FL. Chili's has been operating at this location for over 20 years and is currently paying a well below market rent which provides future upside potential.
FOR SALE DETAILS
PRICE
$2,550,000 USD
PRICE/SF
$440 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chili's Restaurant
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
1.79 AC
LAND SF
77,972 SF
ZONING
PD-A
APN/PARCEL ID
A-13-27-19-1AP-000000-00013.0
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561-427-6699
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561-427-6699
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