Chili's 3980 US Highway 98 N 6 096 pi² Commerce de détail Immeuble Lakeland, FL 33809 8 755 824 $ CAD (1 436,32 $ CAD/pi²) 5,50% Taux de capitalisation

Collison Capital is pleased to present an absolute NNN leased Chili’s Grill & Bar located at 7643 Gall Boulevard in Zephyrhills, Florida, a rapidly expanding northern suburb of the Tampa MSA. The Zephyrhills / Pasco County submarket has experienced amongst the highest population growth over the last five years, increasing by 5.1% annually between 2020 and 2024. Over the next four years, this exceptional run is projected to continue with 4.3% annual growth through 2029. Cumulatively, the growth is expected to yield a stunning 46% submarket household formation increase that is anticipated to accelerate submarket commercial real estate expansion.
Built in 2003, the property comprises 5,771 square feet or rentable space on 1.38 acres at the entrance to Walmart Supercenter. The subject property provides an investor the opportunity to acquire an exceptionally well-located asset that is leased to a strong publicly traded grade tenant (Brinker International) with attractive lease terms. This Chili's Bar & restaurant 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 first extension period includes 1.5% annual rent increases. Subsequent option period rent is based on 95% FMV with 1.5% growth