7643 Gall Blvd - Restaurant FOR SALE


Zephyrhills, FL 33541- Zephyrhills Area
$5,188,525 USD
407-234-4111
7643 Gall Blvd, Zephyrhills, FL for Sale
$5,188,525 USD
Restaurant - FOR SALE
1/27
null | 5.5% Cap Rate

7643 Gall Blvd
Zephyrhills, FL 33541
Zephyrhills Area


HIGHLIGHTS

  • Property is located along Gall Blvd, a rapidly growing retail corridor in the Lakeland MSA, and is an outparcel to a Walmart Supercenter
  • Corporate Guaranty - Brinker International (NYSE: EAT) Credit Rating "BB+" - S&P
  • Absolute NNN lease with no landlord obligations and 1.5% annual rent increases during the base term
  • The property's proximity to major highways, including US-301 and State Road 54, provides convenient access for customers and employees.

OVERVIEW

Collison Capital is pleased to present an absolute NNN leased Chili’s Grill & Bar located at 7643 Gall Blvd in Zephyrhills, FL, a rapidly expanding northern suburb of the Tampa MSA. The Zephyrhills/Pasco County submarket has experienced amongst the highest population growth over the last 5 years, increasing by 5% annually between 2020 and 2029. Cumulatively, the current & future growth is expected to yield a stunning 46% submarket household formation increase. Built in 2003, the property comprises 4,468SF on 1.04 acres at the entrance to a Walmart Supercenter. The Chili's provides an investor the opportunity to acquire an exceptionally welllocated asset that is leased to a strong publicly traded tenant (Brinker International). This Chili's is subject to a 15-year absolute NNN lease w/ 8 years of base term remaining and 6 5-year options. During both the base term and extension periods there are 1.5% annual rent increases.

FOR SALE DETAILS

PRICE

$5,188,525 USD

PRICE/SF

$1,161 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chili's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

C2

APN/PARCEL ID

34-25-21-0110-00000-0040

ASK ABOUT THIS PROPERTY

Carter CollisonCollison CapitalMore Info
407-234-4111

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Carter CollisonCollison CapitalMore Info
407-234-4111

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