273 Robert C Daniel Jr Pky - Restaurant FOR SALE


Augusta, GA 30909- West Augusta
$4,844,000 USD
480-221-4221
273 Robert C Daniel Jr Pky, Augusta, GA for Sale
$4,844,000 USD
Restaurant - FOR SALE
1/10
null | 6.75% Cap Rate

273 Robert C Daniel Jr Pky
Augusta, GA 30909
West Augusta


HIGHLIGHTS

  • Approximately 8 Years Remaining | Franchisee Guaranteed | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Interstate 520 | Excellent Visibility & Access
  • Located Within Augusta Exchange | Augusta Mall (1.1M SF) | Strong National/Credit Tenant Presence
  • Hospitality Cluster in Immediate Trade Area | Direct Residential Consumer Base
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, franchisee guaranteed, Chili’s Grill & Bar investment property located in Augusta, Georgia. The tenant has approximately 8 years remaining in their initial lease term with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is franchisee guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an passive investor.

FOR SALE DETAILS

PRICE

$4,844,000 USD

PRICE/SF

$864 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chili's | 8yrs Remain Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

B-2

APN/PARCEL ID

0310189000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.