Chili's Absolute NNN
For Sale
Contact for pricing
2801 Countryside Dr, Turlock, CA 95380
Chili’s-branded property with an absolute NNN lease structure and no landlord responsibilities.
Property Size5,991 SF
Price / SF$463.19
Days on Market212
Property Features for 2801 Countryside Dr
General Information
Standard status
Active
Size
5,991 SF
Property subtype
Retail
Zoning
TUR CC
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$131,769
Building Details
Year Built
2005
Year Renovated
2023
Tenancy
Single
Listing Agency:
Sync Brokerage
Listed By:
Kunal Sethi · License #CA 01351160
(714) 875-8141
Source:
Crexi
Added: Mar 18
Changed: Oct 12
Last Checked: Oct 14 at 11:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sync Brokerage
Investment Insights
Based on property information with market context.
The property is associated with Chili’s Bar & Grill and contains 5,991 square feet. Built in 2005, it is offered with an absolute NNN lease structure that places no landlord responsibilities on the owner.
Located at 2801 Countryside Dr in Turlock, California, the asset carries TUR CC zoning. The lease is supported by a corporate guarantee from a publicly traded guarantor.
Located at 2801 Countryside Dr in Turlock, California, the asset carries TUR CC zoning. The lease is supported by a corporate guarantee from a publicly traded guarantor.
Key Highlights
- Absolute NNN lease structure
- 5,991‑square‑foot property built in 2005
- Corporate guarantee from a publicly traded guarantor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,937
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,798,740
$2.8M
Cap Rate 7%
$1,999,100
$2.0M
Cap Rate 9%
$1,554,856
$1.6M
Market Conditions
NOI Build-Up for 5,991 SF
Gross rent
$222.9K $37.20/SF
− Vacancy
−$23.0K −$3.83/SF
EGI
$199.9K $33.37/SF
− OpEx
−$60.0K −$10.01/SF
NOI
$139.9K $23.36/SF
Area
Stanislaus County, CA
Vacancy
10.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,798,740
Cap Rate 7%
$1,999,100
Cap Rate 9%
$1,554,856
Alternative Uses
Best Use
Retail
$2.00M
$1.75M – $2.33M
NOI $139,937 @ 7.0% cap · market cap 5.04%
Second Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,978 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$2.78M
$2.44M – $3.25M
NOI $194,919 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 95380, CA
42,912
Population
15,682
Households
2.7
Avg Household Size
34
Median Age
18%
College-Educated
73%
High-School Grad
77.2 sq mi
ZIP Area
556
Density / Sq Mi
$68,308
Median Household Income
$39,002
Median Earnings
$1,348
Median Rent
$410,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
NNN property - Chili’s-branded property with an absolute NNN lease structure and no landlord responsibilities.
Where is this nnn property located?
The property is located at 2801 Countryside Dr Turlock, CA.
What is the asking price?
The asking price for this property is $2,775,000.
What are key features of this property?
This property features: Absolute NNN lease structure; 5,991‑square‑foot property built in 2005; Corporate guarantee from a publicly traded guarantor
