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Restaurant

Chili's

301 Constitution Dr, West Monroe, LA 71292

Listing Price: $2,737,000

Cap Rate
4.75%
Tenant Name
BRINKER LOUISIANA, INC.
Years Remaining On Lease
10.5
Guarantor
Corporate Guarantee
Rentable SF
5,881
Lease Type
Absolute Net
Rent Per Square Feet
$22.11

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 located along Constitution Drive with great visibility from Interstate 20 (±50,000 VPD). Neighboring national tenants include Cracker Barrel, Outback, Buffalo Wild Wings, Comfort Inn, Academy Sports and more. Within close proximity to Glenwood Regional Medical Center. 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.

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

Exclusively Listed By

Listing Price: $2,737,000

Cap Rate
4.75%
Tenant Name
BRINKER LOUISIANA, INC.
Years Remaining On Lease
10.5
Guarantor
Corporate Guarantee
Rentable SF
5,881
Lease Type
Absolute Net
Rent Per Square Feet
$22.11

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 located along Constitution Drive with great visibility from Interstate 20 (±50,000 VPD). Neighboring national tenants include Cracker Barrel, Outback, Buffalo Wild Wings, Comfort Inn, Academy Sports and more. Within close proximity to Glenwood Regional Medical Center. 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.

Exclusively Listed By

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