Investment Highlights
- Long-Term, Triple Net (NNN) Ground Lease
- Three, Five-Year Renewal Options
- 10 Percent Rental Increases Every Five Years Throughout Base Term and Option Periods
- Corporate Guaranteed Lease by Chuy’s Holdings, Inc.
Location Highlights
- Located in a Dense Retail Corridor
- Surrounding National Brands Include Publix, Target, Best Buy, Macy’s, JCPenney, Walmart Supercenter, Regal Cinemas, Dillard’s, Old Navy, Michael’s, Bass Pro Shops, Bed Bath & Beyond, Courtyard by Marriott, Home2 Suites by Hilton, Applebee’s, McDonald’s, Chipotle, Starbucks, Walgreens, CVS and Many More
- Walking Distance from Florida State Capital
- Less Than Two Miles from Florida State University and Florida A&M University, with a Combined Enrollment of 51,000+ Students
- Two Miles from Tallahassee Medical HealthCare – the Seventh Largest Hospital in Florida, with 772 Beds and Over 3,000 Employees
- Excellent Access and Visibility Along Apalachee Parkway, with More Than 33,000 Vehicles Per Day
- The Population of Leon County is the Most Highly Educated Population in Florida, with 49.9 Percent of the Residents with Either a Bachelor’s, Master’s, Professional or Doctorate Degree
- Tallahassee’s Population has Grown by Over 17 Percent Since 2000
Tenant Highlights
- Chuy’s Owns and Operates 59 Locations in 14 States
- Brand New, Built in 2016 with Latest Chuy’s Design and Prototype
- Built by Tenant at Tenant Expense, Demonstrating a Long Term Commitment to the Location