340 Albert Rains Blvd S
Gadsden, AL 35901
Chili's · Retail Property For Sale

Marcus & Millichap is proud to present this Chili's restaurant located at 340 Albert Rains Boulevard South in Gadsden, Alabama. The subject property is a sale leaseback, offering a new 20-year absolute-net (NNN) lease. The initial term of the lease contains annual 8 percent increases every five years. It also contains four five-year renewal options, with 8 percent rental increases at the start of each option. The subject property is located directly on the Coosa River in Gadsden, Alabama. The property is on South Albert Rains Boulevard just down from the Gadsden Mall, as well as being across from the Riverview Regional Medical Center. It has an excellent mix of surrounding retail tenants, several hotels, and being just off of Interstate 759 brings consistent traffic to the area. Surrounding retail tenants include Sears, Gadsden Premiere Cinema, Belk, Hibbett Sports, Planet Fitness, and many more. The city of Gadsden is located northeast of Birmingham, Alabama, on the way to Chattanooga. The Franchisee, Valenti Southeast Management, LLC, is a branch of Valenti Management and is a highly respected industry leader and has been successful in the restaurant business for nearly 40 years. In August 2004, Valenti Management acquired nine Chili's Grill and Bar restaurants from Brinker International, as well as development rights for much of Mississippi and Alabama. Valenti Southeast Management has grown to 13 Chili's restaurants and plans to continue this growth. Valenti has experience operating over 100 Wendy’s locations and has recently turned their primary focus to the Chili’s Brand. Chili’s Grill & Bar is a leading casual dining restaurant which offers a variety of Southwestern-inspired, classic American and international foods highlighted by their popular Baby Back Ribs, craft burgers, and vast assortment of delicious appetizers, sandwiches, and salads. Chili’s was founded in 1975 in Dallas, Texas and has since expanded to over 1,600 locations in the United States and international locations. The company is currently owned and operated by Brinker International, an American public company that also owns, operates, and franchisees Maggiano’s Little Italy restaurants and has a small stake in Romans Macaroni Grill.