Apopka, FL - Chili's

Description:

• The tenant has 8 years remaining on their lease with 6 (5-year) options to extend
• The lease features 1.50% annual rent increases throughout the initial term and during each option to extend
• Brinker International, Inc. is the guaranty on this lease
• Chili’s Grill & Bar is a leader in the casual dining industry and the flagship brand of Dallas-based Brinker International, Inc. (NYSE: EAT)

• The asset is fronting W Orange Blossom Trail averaging 47,000 VPD
• Part of Apopka Commons, a Home Depot-anchored shopping center with other national tenants such as McDonald’s, Wendy’s, Dollar Tree, Staples, and more
• The Home Depot ranks in the 95th percentile (2,400 out of 48,085) of all nationwide home improvement stores
• The immediate trade area is supported by surrounding retailers such as Lowe’s, Winn-Dixie, Harbor Freight, and more
• Apopka has several new developments underway such as Wyld Oaks
(mixed-use development), The Ridge (single-family and townhome home development), AdventHealth’s $26.3M expansion, Bronson Peak (luxury home community), and more
• See pages 10-12 for more on the Apopka development projects