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Chili's Restaurant 17643 Bruce B Downs Blvd 5,864 SF Retail Building Tampa, FL 33647 $3,557,760 CAD ($606.71 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- High-profile location on Bruce B Downs Blvd. (60,000 VPD) in one of Tampa's most sought after submarkets ($ AHHI in 3 miles)
- Absolute Net Ground Lease provides passive ownership and stable cash flow for out of State investor
- 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
- Chili's rent equates to $21.74/SF or $71,200/Acre offering future upside potential
- Fixed rent increases in option periods provide a hedge against inflation and consistent rent growth
- Florida is a top performing state for Chili's where they operate 138+/- stores and benefit from strong brand awareness and customer loyalty
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
Chili’s Grill & Bar is in the business of making everyone feel special. In everything they do, they have to ask themselves if they’re putting the Guest first and making sure they’ll come back for more. Their Cultural Beliefs bring that passion to life and shape who they are as a company and as the people who live and breathe inside of it. They’re more than mere transactions – they’re people connecting with people! If their beliefs are strong, their actions will match. And that’s how they create memorable experiences and real results. As food on their menu comes in all shapes, sizes and flavors, no two Team Members are the same, and that’s the way they like it. It’s quite simple: They believe a diverse, equitable and inclusive workplace is good for Team Members, Guests, and the communities they serve. Their Team Members and Guests are diverse in gender, race, ethnicity, sexual orientation, disability, religion, age, cultural background and life experience.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | A-13-27-19-1AP-000000-00013.0 | Improvements Assessment | $1,245,517 CAD |
| Land Assessment | $2,571,216 CAD | Total Assessment | $3,816,732 CAD |
PROPERTY TAXES
Presented by
Chili's Restaurant | 17643 Bruce B Downs Blvd
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