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Restaurant

Chili's Grill and Bar

521 E Nolana Ave, McAllen, TX 78504

Listing Price: $4,729,013

Cap Rate
5.00%
Tenant Name
Chili's Grill and Bar
Years Remaining On Lease
12.0
Guarantor
Corporate Guarantee
Rentable SF
5,842
Lease Type
Absolute Net
Rent Per Square Feet
$40.47

Investment Overview

Marcus & Millichap is pleased to present a Chili’s Grill & Bar for sale located at 521 East Nolana Avenue in McAllen, Texas. The 5,842 Square Foot Building on 1.45 Acres has excellent visibility from East Nolana Avenue with average daily traffic counts of over 30,000 VPD. This property is subject to an Absolute NNN Lease with a Corporate Guaranty from Brinker International, Inc. who is projecting over $3.3 Billion in Revenue for 2021. Chili’s joins a diverse mix of tenants centered around East Nolana Avenue including Walmart, Starbucks, Walgreens, Popeye’s, Whataburger, Cinemark, Wells Fargo, Denny’s, and Fudruckers. Chili’s Grill & Bar is a part of the Brinker International Family (with Maggiano’s Little Italy) and has over 1,600 locations worldwide in 29 Countries. It was Recognized as one of ”America’s Best Employers” on the 2015 Forbes List and Fortune’s “100 Best Workplaces for Millennials”

Investment Highlights

  • Absolute NNN Lease
  • Corporate Guaranty
  • 1.5% Annual Rental Increases

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Listing Price: $4,729,013

Cap Rate
5.00%
Tenant Name
Chili's Grill and Bar
Years Remaining On Lease
12.0
Guarantor
Corporate Guarantee
Rentable SF
5,842
Lease Type
Absolute Net
Rent Per Square Feet
$40.47

Investment Highlights

  • Absolute NNN Lease
  • Corporate Guaranty
  • 1.5% Annual Rental Increases

Investment Overview

Marcus & Millichap is pleased to present a Chili’s Grill & Bar for sale located at 521 East Nolana Avenue in McAllen, Texas. The 5,842 Square Foot Building on 1.45 Acres has excellent visibility from East Nolana Avenue with average daily traffic counts of over 30,000 VPD. This property is subject to an Absolute NNN Lease with a Corporate Guaranty from Brinker International, Inc. who is projecting over $3.3 Billion in Revenue for 2021. Chili’s joins a diverse mix of tenants centered around East Nolana Avenue including Walmart, Starbucks, Walgreens, Popeye’s, Whataburger, Cinemark, Wells Fargo, Denny’s, and Fudruckers. Chili’s Grill & Bar is a part of the Brinker International Family (with Maggiano’s Little Italy) and has over 1,600 locations worldwide in 29 Countries. It was Recognized as one of ”America’s Best Employers” on the 2015 Forbes List and Fortune’s “100 Best Workplaces for Millennials”

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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