Restaurant
Chili's Grill & Bar (Houston MSA)
110 I-10, Beaumont, TX 77707
Listing Price: $2,951,850
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 10.8 years remaining. The annual rent is $157,924 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.
Chili's Grill & Bar (Houston MSA)
Investment Highlights
- Absolute NNN Lease: Zero Landlord Responsibilities
- 10+ 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
Listing Price: $2,951,850
Investment Highlights
- Absolute NNN Lease: Zero Landlord Responsibilities
- 10+ 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 10.8 years remaining. The annual rent is $157,924 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
