Collison Capital is pleased to present an absolute NNN leased Chili's Grill & Bar located at 12181 E 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.