Close of Escrow: Chili’s in Sumter, SC

Close of Escrow: Chili’s in Sumter, SC

SIG is pleased to announce the recent Close of Escrow on Chili’s located in Sumter, South Carolina.

Investment Highlights Include:

  • 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

Closing Price: $3,175,000
Closing CAP:  7.39%

Listing Agents: Doug Roland, Dan Hoogesteger and Chris Sands

For More Information Contact:

Doug Roland
Lic #70364

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