Tenant: Chili’s Premises: 4,334 SF Renewal Options: 2 x 5 Years
Lease Expiration: 12/31/2025 Lease Type: Absolute NNN Rental Increases: CPI Every 5 Years Including Option Periods
Freestanding 100% Occupied Single Tenant Absolute Triple Net (NNN) – 8+ Years on Lease Remaining
Two (2) x Five (5) Year Renewal Options
CPI Rent Increases Every Five Years Including at Options – Next Increase is in 2022
Guarantee by Hielan Management – 43 Unit Chili’s Grill & Bar Franchisee and One of the Only 4 Chili’s Franchisee’s in the Country
Strong Demographics with Population of 55,000+ Within a 5-Mile Radius and 95,000+ Within 10-Miles
Daytime Employee Population is 13,948 Within 3-Miles
Median Household Income in Excess of $45,000 Within 3-Miles of Location
Located Along Major Thoroughfare with Excellent Visibility From Broad Street with Two Access Points
Within Walking Distance of Six Hotels Along Broad Street
Sumter, SC is Home to Shaw Air Force Base – One of the Largest Air Force Bases in the Country & Only Two Bases that Have Rail Service
Local Major Manufacturers in Sumter Include: Continental Tire, Caterpillar, Kaydon Corporation and Eaton Electrical
Select Nearby Tenants Include: Walmart Supercenter, Lowe’s Home Improvement, TJ Maxx, Big K, Michaels, Starbucks, Ashley Home Furniture, Dunkin’ Donuts, Outback Steakhouse, IHOP, Applebee’s and Buffalo Wild Wings
Chili's Grill & Bar is an American casual dining restaurant chain that features Tex-Mex-style cuisine. The company was founded by Larry Lavine in Texas in 1975 and is currently owned and operated by Brinker International.
Chili's first location, a converted postal station on Greenville Ave. in the Vickery Meadows area of Dallas, Texas, opened in 1975. The original Chili's on Greenville Ave. moved to a new building on the same site in 1981 before relocating again in 2007. Lavine's concept was to create an informal, full-service dining restaurant with a menu featuring different types of hamburgers offered at an affordable price. The brand proved successful, and by the early 1980s, there were 28 Chili's locations in the region, all featuring similar Southwest decor. In 1983, Lavine sold the company to restaurant executive Norman E. Brinker, formerly of the Pillsbury restaurant group that owned Bennigan's.
In addition to their regular menu, the company offers a nutritional menu, allergen menu, and vegetarian menu. It also offers a veggie burger (non-vegan) that is supplied by the Kellogg Company. In 2016, the "Sunrise Burger" (which includes an egg) and the "Ultimate Bacon Burger" were added to the menu.