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Virtual Drive-By

Chili's Absolute NNN

273 Robert C Daniel Jr Pkwy · Augusta, GA 30909 · QSR / Restaurant

Asking price
$5,030,000
Cap rate
6.50%
NOI
$326,988

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining6.4 yrs
Expiration12/2032
Rent bumps10% rental increases at the beginning of each option period0% rental increases every 5 years
Options3 (5-year)
Ground lease
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF5,606
Price / SF$897
Year built1998
Lot size1.53 ac
TypeRestaurant
Days on market101

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Over 6 Years Remaining | Franchisee Guaranteed | Scheduled Rental Increases | COVID-Resistant
  • ​Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • ​Signalized, Hard Corner Intersection | Interstate 520 | Excellent Visibility & Access
  • ​Located Within Augusta Exchange | Augusta Mall (1.1M SF) | Strong National/Credit Tenant Presence
  • ​Hospitality Cluster in Immediate Trade Area | Direct Residential Consumer Base
  • ​Strong Demographics in 5-Mile Trade Area

Property overview

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, franchisee guaranteed, Chili’s Grill & Bar investment property located in Augusta, Georgia.​ The tenant has over 6 years remaining in their initial lease term with 3 (5-year) options to extend, demonstrating their long-term commitment to the site.​ The lease provides for 10% rental increases at the beginning of each option period, while NOI remains flat throughout the initial term, offering stable and predictable cash flow.​ The lease is franchisee guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.​

Take the next step on this property

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.