Restaurant
Chili's
3950 TX-306 Loop, San Angelo, TX 76904
Listing Price: $2,608,000
Investment Overview
This investment features an absolute NNN leased Chili’s which requires no landlord responsibility. Additionally, this investment has a 7.5% rent increase in 2027 and four, 5-year option periods with 1.5% annual increases. The lease term has approximately 11 years remaining. The Subject Property is situated on a large 1.15-acre lot and has great visibility from the Loop 306 Highway (±45,000 VPD). Pad site to the Sunset Mall (Dillard’s, Conn’s Furniture, Marshalls, Hibbett Sports and more) and less than one mile from the Highway 67 on/off ramp. Chili’s Grill & Bar is an American casual dining restaurant chain. The company was founded in Texas by Larry Lavine in 1975 and is currently owned and operated by Brinker International. Today, the company operates over 1,600 restaurants.
Chili's
Investment Highlights
- Tenant recently signed a 10-year lease extension
- Absolute NNN Lease: no Landlord responsibilities
- Corporate Guaranty: Brinker International, Inc. (NYSE: EAT) | Rated B1 (Moody's)
- Chili's Company sales in the fourth quarter of fiscal 2021 increased to $898.7 million as compared to $518.9 million in the fourth quarter of fiscal 2020
Listing Price: $2,608,000
Investment Highlights
- Tenant recently signed a 10-year lease extension
- Absolute NNN Lease: no Landlord responsibilities
- Corporate Guaranty: Brinker International, Inc. (NYSE: EAT) | Rated B1 (Moody's)
- Chili's Company sales in the fourth quarter of fiscal 2021 increased to $898.7 million as compared to $518.9 million in the fourth quarter of fiscal 2020
Investment Overview
This investment features an absolute NNN leased Chili’s which requires no landlord responsibility. Additionally, this investment has a 7.5% rent increase in 2027 and four, 5-year option periods with 1.5% annual increases. The lease term has approximately 11 years remaining. The Subject Property is situated on a large 1.15-acre lot and has great visibility from the Loop 306 Highway (±45,000 VPD). Pad site to the Sunset Mall (Dillard’s, Conn’s Furniture, Marshalls, Hibbett Sports and more) and less than one mile from the Highway 67 on/off ramp. Chili’s Grill & Bar is an American casual dining restaurant chain. The company was founded in Texas by Larry Lavine in 1975 and is currently owned and operated by Brinker International. Today, the company operates over 1,600 restaurants.
