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Restaurant

Chili's Grill & Bar | Absolute NNN

110 I-10, Beaumont, TX 77707

Listing Price: $3,200,000

Cap Rate
4.86%
Tenant Name
Chili's Grill & Bar
Years Remaining On Lease
11.0
Gross SF
5,429
Guarantor
Corporate Guarantee
Rentable SF
5,429
Price/Gross SF
$589.43
Lease Type
Absolute Net
Rent Per Square Feet
$28.66

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Chili's Grill & Bar, in Beaumont, Texas. The subject property is a 5,429-square-foot building on a 1.45-acre lot. The property is situated along Interstate 10, connecting Houston to the west and Louisiana to the east. Interstate 10 has average daily traffic counts of 132,577 vehicles, providing Chili's with a sizable customer base. Chili's Grill & Bar has an Absolute Triple-Net Lease, with approximately 11 years remaining. The current annual rent is $155,590 and has annual 1.50 percent rent increases. The lease is corporately guaranteed by Brinker International, Inc. (NYSE: EAT). This Chili's location is well established and has have 27 years of operational history.

Investment Highlights

  • Absolute NNN Lease: Zero Landlord Responsibilities
  • 11 Years Remaining on Corporate Guaranteed Lease
  • Three-Mile Population of 62,477
  • 27+ Years Operational History at This Location
  • Situated along Interstate 10 with 132,577 VPD
  • Attractive 1.50% Annual Rent Increases

Exclusively Listed By

Restaurant

Chili's Grill & Bar | Absolute NNN

Listing Price: $3,200,000

Cap Rate
4.86%
Tenant Name
Chili's Grill & Bar
Years Remaining On Lease
11.0
Gross SF
5,429
Guarantor
Corporate Guarantee
Rentable SF
5,429
Price/Gross SF
$589.43
Lease Type
Absolute Net
Rent Per Square Feet
$28.66

Investment Highlights

  • Absolute NNN Lease: Zero Landlord Responsibilities
  • 11 Years Remaining on Corporate Guaranteed Lease
  • Three-Mile Population of 62,477
  • 27+ Years Operational History at This Location
  • Situated along Interstate 10 with 132,577 VPD
  • Attractive 1.50% Annual Rent Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Chili's Grill & Bar, in Beaumont, Texas. The subject property is a 5,429-square-foot building on a 1.45-acre lot. The property is situated along Interstate 10, connecting Houston to the west and Louisiana to the east. Interstate 10 has average daily traffic counts of 132,577 vehicles, providing Chili's with a sizable customer base. Chili's Grill & Bar has an Absolute Triple-Net Lease, with approximately 11 years remaining. The current annual rent is $155,590 and has annual 1.50 percent rent increases. The lease is corporately guaranteed by Brinker International, Inc. (NYSE: EAT). This Chili's location is well established and has have 27 years of operational history.

Exclusively Listed By

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