CHILI'S

LOCATION

• Next to ±3M square feet of retail, medical, and office.  The property is an out-parcel to the Cordova mall and sandwiched in the middle of the main retail corridor.  Retailers include: Target, AMC, Publix, Lowe’s, Home Depot, Walmart, Sam’s Club, Michaels, Marshalls, and many more.
• Property is across from the hub of Sacred Heart Health System which is the largest healthcare provider in Northwest Florida.  Sacred Heart Hospital in Pensacola, FL is 566 beds and the regions only facility specializing in the care of Children.
• Pensacola, FL is one of the largest cities in Florida and the site benefits from ±150,000 residents in the five mile and strong growth.  The property is located next to Pensacola International Airport.

PROPERTY

• Absolute NNN Ground Lease with Increases: The property is on an absolute NNN ground lease with rent increases every 5 years including the base term and options.
• Relocation Store: The property is a relocation of a smaller Chili’s located less than 1-mile away showing strong commitment to the market.

TENANT

• Extremely Healthy Rent-to-Sales Ratio:  On average, Chili’s does over $3M in annual sales volume which would represent under a 5% rent-to-sales ratio.
• Brinker International: Brinker International is one of the largest and strongest restaurant companies in the world with a market cap of $1.76B and an investment grade credit rating.