Chili's

List price of $2,417,000 yielding a 6.00% cap rate.
Absolute NNN Ground Lease corporately guaranteed by Chili’s parent company, Brinker Penn Trust, boasting a BB+ Credit Rating (S&P) & $7.00B market capitalization.
Brand new 2025 built-to-suit construction for Chili’s. The new 4,719 sq ft building is situated an a large 2.03 acre parcel with over 115 parking spaces.
There are 9.75 years remaining on the original 10 year lease including Four, 5-Year Options to extend, with scheduled increases every 5 years to keep up with inflation.
Low RPSF: This ground lease benefits from having cheaper rents ($30.72) compared to market rent. This provides an investor with an increased layer of security and more negotiating power to increase rents at the end of the lease term & options.
Located in a dominant retail corridor surrounded by national retailers including but not limited to Chick-Fil-A, Walmart, Target & Home Depot. The property is located just 6 miles from downtown Scranton.
There are over 42,000 residents living within a 3-mile radius with an average household income exceeding $86,000.

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