Investment Highlights
5 Years Remaining | Newly-Renovated | Options to Extend |Scheduled Rental Increases | Well-Known and Established Tenant
Outparcel to Home Depot Anchored Power Center | Dense Retail Corridor | Strong National/Credit Tenant Presence
Six-Figure Incomes | Strong Demographics in 5-Mile Trade Area
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Signalized, Hard-Corner Intersection | Excellent Visibility | Significant Street Frontage | Monument Sign
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN, newly renovated, freestanding Chili?s investment property located in Homer Glen, Illinois (Chicago MSA). The tenant has approximately 4 years remaining on their initial term with 2 (5-year) options to extend. The lease features annual 1.5% rental increases, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Brinker Restaurant Corporation is a subsidiary of Brinker International Inc., one of the leading casual dining restaurant companies in the world and publicly-traded (NYSE: EAT).
