CHILI'S

PROPERTY OVERVIEW

• Passive Investment Opportunity – ±9.75 years remaining on an initial 20 year Absolute NNN Lease.
• National Tenant – Founded in 1975, Chili’s has since grown to 1600+ locations in 49 states and 30 countries, and one of the LARGEST casual dining brands in the United States.
• Absolute NNN Lease with Minimal landlord Responsibilities – Tenant is responsible for maintaining Roof, Structure, and parking lot.
• Recent Extension of Term – The tenant exercised an early lease extension, demonstrating their commitment to this location and market.
• Naked Lease – Flexibility to repurpose the property and potentially increase rents
• High Traffic Count – Traffic counts on N Kings Hwy exceed ±25,800 VPD
• Prime Beach Real Estate – Rare investment opportunity to acquire a strong tenant walking proximity to the ocean and a plethora of resorts.
• Thriving Market – Myrtle Beach, SC is the fastest growing city in the United States and ranks 2nd in top summer travel destination in the United States (2024) and exceeds over 20 million visitors every year.
• Seasoned Operator – The lease is franchisee guaranteed by Hielan Restaurant Group, LLC, which is one of the largest Chili’s franchisees in the United States. With 43+ units now in Georgia, South Carolina, Kansas, Missouri, and Nebraska, this demonstrates a proven track record for the distinguished brand, while also boosting confidence for potential investors.