2801 Countryside Dr - Restaurant FOR SALE


Turlock, CA 95380- Chemurgic
$2,775,000 USD
818-400-9292
2801 Countryside Dr, Turlock, CA for Sale
$2,775,000 USD
Restaurant - FOR SALE
1/13
null | 4.75% Cap Rate

2801 Countryside Dr
Turlock, CA 95380
Chemurgic


HIGHLIGHTS

  • Corporate Guaranteed Triple Net (NNN) Lease. Publicly traded parent company. Brinkers International, NYSE: EAT
  • Tenant has over 20+ Years of operating history at this location. Top performing Chili's in the region.
  • Over 1 Acre parcel on a signalized intersection. Leasehold Ground Lease. 116 SF of frontage on Countryside Dr.
  • Located in a top California Retail Power Center. #2 in Northern California and #5 statewide based on annual customer visits.
  • Strong unit volume. Chili's average unit volume exceeds $4.5 Million per restaurant.
  • Chili's is considered a Top 10 full-service casual restaurant chain with over 1,600 locations.

OVERVIEW

This offering presents the opportunity to acquire a high-quality, corporate-backed net lease asset occupied by Chili's Grill & Bar, a nationally recognized brand operated by Brinker International (NYSE: EAT), a publicly traded company generating approximately $4.36 billion in annual revenue. The tenant has successfully operated at this location for over 20 years and recently executed a 10-year lease extension, demonstrating long-term commitment to the site. The property consists of a 5,991-square-foot freestanding restaurant building situated on a 47,480-square-foot corner parcel with approximately 116 feet of frontage along Countryside Drive at a signalized intersection, offering excellent visibility and access. Located within Monte Vista Crossings, a dominant 1.4+ million square foot regional power center ranked among the most visited in California, the asset benefits from exceptional consumer traffic driven by surrounding national retailers including The Home Depot, Target, Safeway, Lowe's, Kohl's, and In-N-Out Burger. Monte Vista Crossings is further enhanced by three monument signs along California State Highway 99, providing unmatched regional visibility and accessibility. The asset is structured as a corporate ground lease (leasehold) with a true triple-net (NNN) lease and no landlord responsibilities, offering passive, management-free income backed by a proven operator in one of the Central Valley’s premier retail destinations.

FOR SALE DETAILS

PRICE

$2,775,000 USD

PRICE/SF

$555 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chili's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

PC

APN/PARCEL ID

088-03-41

ASK ABOUT THIS PROPERTY

Kunal SethiSync Brokerage, IncMore Info
818-400-9292

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Kunal SethiSync Brokerage, IncMore Info
818-400-9292

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