Tenant: Chili’s Premises: 4,719 SF Renewal Options: 4 x 5 Years
Lease Expiration: 2/28/2027 Lease Type: Absolute NNN Rental Increases: CPI Every 5 Years Including Option Periods
Freestanding 100% Occupied Single Tenant Absolute Triple Net (NNN) – ~10 Years on Lease Remaining
Four (4) 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
Population of 51,000+ Within a 5-Mile Radius and 64,700+ Within 10-Miles
Daytime Population is 11,738 Within 3-Miles
Strong Visibility from W. Oglethorpe Hwy with Two Access Points
Traffic Counts of Over 22,000 Vehicles Per Day
Hinesville, GA is a Coastal Georgia Town – 40 Miles South of Savannah and Home to Fort Stewart Army Base (Over 50,000 Active Service Personnel and Their Families)
Select Nearby Tenants Include: Lowe’s, Walmart, Hibbett Sports, Big Lots, Kroger, Bealls Outlet, Tractor Supply, Sonic Drive-In, Wendy’s, Liberty Cinemas, Ruby Tuesday, Dunkin’ Donuts, Dollar Tree, Goodwill and Family Dollar
In Cooperation with Sands Investment Group Atlanta, LLC Lic # H-67374
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.