Chili's Grill & Bar 15305 W 67th St 5,649 SF Retail Building Shawnee, KS 66217 $4,647,469 CAD ($822.71 CAD/SF) 6.50% Cap Rate

SRS Real Estate Partners, LLC in collaboration with Goldman Investment Advisors, Inc. is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Chili’s investment property located in Shawnee, Kansas. The tenant, Chili’s, has 7+ years of lease term remaining with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
The Chili’s is located near the signalized, hard corner intersection of Shawnee Mission Pkwy and Lackman Rd which combine to average over 48,700 vehicles passing by daily. Shawnee Mission Pkwy is the major retail thoroughfare serving the city of Shawnee. The Chili’s is located across from a Target and Kohl’s anchored center that also features national/credit tenants including PetSmart, Bed Bath & Beyond, Chipotle, Jersey Mike’s, Ross, Michaels, AT&T, and more. In addition, the asset is also across from a Walmart Supercenter and Lowe’s anchored center that also features national/credit tenants such as McDonald’s, Subway, and Club Car Wash. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a The Home Depot, Hy-Vee, Planet Fitness, Orangetheory, Starbucks, Taco Bell, Dunkin’, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 156,700 employees and 100,600 residents with an average household income of $120,296.