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Restaurant

Chili's

8445 N Rockwell Ave, Oklahoma City, OK 73132

Listing Price: $2,364,000

Cap Rate
5.50%
Tenant Name
Chili's
Years Remaining On Lease
8.3
Gross SF
5,849
Guarantor
Corporate Guarantee
Rentable SF
5,849
Price/Gross SF
$404.17
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.23

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Chili's located in Oklahoma City, Oklahoma. This corporate Chili's has an absolute triple-net lease with over eight years remaining and a recent 10 year extension. The subject property see's massive traffics counts of 67,000 vehicles per day at the neighboring signalized intersection. There is also unobstructed visibility and a large pylon sign. Chili's is being offered for $2,364,000.

Investment Highlights

  • Corporate Chili's Absolute Triple-Net Lease with Over Eight Years Remaining; Recent 10 Year Extension
  • Chili's Reported Strong Sales of $3.45 Million in CY2020 (22 Percent Higher than $2.8 Million Chain Average)
  • Corporate Guaranty from Brinker International, Inc. (NYSE: EAT) – $2.2 Billion Market Cap with 1,648 Corporate and Franchised Restaurants
  • Massive Traffic Counts of 67,000 Vehicles per Day at Neighboring Signalized Intersection; Unobstructed Visibility and Large Pylon Sign
  • Below-Market Rent of $130,000 for 5,849-Square-Foot Building ($22.23 per Square Foot); Over 50 Percent Rent Upside
  • Low 3.77 Percent Rent-to-Sales Ratio (Well-Below Average for Casual Dining Restaurants)
  • Absolute Triple-Net Lease – Zero Landlord Responsibilities
  • Ranks in the Top 11 Percent for Chili's Nationally with 297,000 Customer Visits in the Trailing 12 Months (Source: Placer.ai)

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Financing By

Listing Price: $2,364,000

Cap Rate
5.50%
Tenant Name
Chili's
Years Remaining On Lease
8.3
Gross SF
5,849
Guarantor
Corporate Guarantee
Rentable SF
5,849
Price/Gross SF
$404.17
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.23

Investment Highlights

  • Corporate Chili's Absolute Triple-Net Lease with Over Eight Years Remaining; Recent 10 Year Extension
  • Chili's Reported Strong Sales of $3.45 Million in CY2020 (22 Percent Higher than $2.8 Million Chain Average)
  • Corporate Guaranty from Brinker International, Inc. (NYSE: EAT) – $2.2 Billion Market Cap with 1,648 Corporate and Franchised Restaurants
  • Massive Traffic Counts of 67,000 Vehicles per Day at Neighboring Signalized Intersection; Unobstructed Visibility and Large Pylon Sign
  • Below-Market Rent of $130,000 for 5,849-Square-Foot Building ($22.23 per Square Foot); Over 50 Percent Rent Upside
  • Low 3.77 Percent Rent-to-Sales Ratio (Well-Below Average for Casual Dining Restaurants)
  • Absolute Triple-Net Lease – Zero Landlord Responsibilities
  • Ranks in the Top 11 Percent for Chili's Nationally with 297,000 Customer Visits in the Trailing 12 Months (Source: Placer.ai)

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Chili's located in Oklahoma City, Oklahoma. This corporate Chili's has an absolute triple-net lease with over eight years remaining and a recent 10 year extension. The subject property see's massive traffics counts of 67,000 vehicles per day at the neighboring signalized intersection. There is also unobstructed visibility and a large pylon sign. Chili's is being offered for $2,364,000.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

Financing By

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