Chili’s (Ground Lease)

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LTV (Loan to Value)	0.00%	Current NOI
Interest Rate	0.000%	Cap Rate	0.000%
Fixed Term	10 Years Years	Land Area
Amortization	Years	Lease Type
Loan Amount		Property Type
Payment		Property Lease
Building Size		Remaining Terms

Location Description

Ardmore is a business, cultural and tourism city in and the county seat of Carter County, Oklahoma. The Ardmore micropolitan statistical area had an estimated population of 48,491 in 2013. Ardmore is located 90 miles equidistant from Oklahoma City and Dallas/Fort Worth, Texas. Ardmore was listed as one of the 50 Best Towns in America and was twice named an All-American City.Ardmore’s major employers are Michelin North America, with 1,900 employees, and Mercy Memorial Health Center, with 900 employees. Several hundred employees work for regional distribution centers for Best Buy, Dollar Tree and Dollar General Stores, among others. The Ardmore trade area extends over a 7-county area comprising more than 128,000 people. Counties include Carter, Love, Jefferson, Johnston, Marshall, Murray and Garvin.

Highlights

New 10-year Ground Lease – Rent commenced upon Chili’s opening at the new prototype restaurant in April 2015Excellent Rent Growth – 10% rental increases every 5 years during primary term and in the four (4), five (5) year extension optionsFully Passive, Absolute Net Lease – Tenant is responsible for 100% of the property maintenance, taxes and insurance Extraordinarily Low Rental Rate – Chili’s occupies the 1.69 acre parcel for just $0.99/SF, a very conservative rental rateInterstate Adjacent Real Estate – Situated on Interstate-35 midway between Dallas/Fort Worth and Oklahoma City, the Chili’s is in the immediate vicinity of the Michelin manufacturing facility, Ardmore’s largest employer

NNN Loans Funding

Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.