loader
Join
DOM: 73 Updated: 07.22.24 Posted: 10.27.23 Status: Sold     01.09.24

Summary

Price $1,573,000
Built/Renov 2023
Tenant Chili's (GL)
Cap Rate 5.25%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 5,116
Lease Start 03-30-2023
#Units 1,602
Price/SF $307.47
Expiration 03-31-2033
Tenant Type Casual Dining
NOI $82,600
R. Term 7.8
Ownership Ground Lease
Rent/SF $16.15
Increases 10.0%/4/yrs
Pop 5Mi 45,291
Lot/AC 1.39
Options 4/5yrs/10%
AHHI 5Mi $123,174

Highlights

  • Brand-new, state-of-the-art construction
  • New, 10-year ground lease with 10% rent increases every 5 years throughout the initial term and options
  • Favorable NN+ lease | Minimal landlord responsibilities
  • Corporately guaranteed lease from Brinker Texas, Inc. a subsidiary of Brinker International, Inc.
  • Income tax free state

Location Description

Chili's is strategically positioned along Highway 75, offering excellent access and visibility, with a daily traffic count of 75,000 vehicles. This property serves as an outparcel to the new Anna Town Center development, which will include a Walmart Supercenter and an upcoming Home Depot-anchored shopping center. Notably, this shopping center will feature major national tenants, including...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chili's
  • Guarantor:Corp T and Rated
  • Company:Brinker International, Inc.
  • # Units:1,602
  • Tenant S&P: BB
  • Moody’s: Ba3
  • Stock: NYSE: EAT

About Tenant

Chili’s Grill & Bar is an American casual dining chain serving American food, Tex-Mex cuisine, and Mexican-inspired dishes. Founded in 1975 on the corner of Greenville Avenue and Meadow Road in...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,266 28,449 68,284
2023 Total Population : 3,292 23,798 51,526
2023 Employed Civilian Pop : 1,536 11,809 25,578
2023 Total Businesses : 44 302 650
2023 Average Household Income : $ 98,708 $ 111,029 $ 127,411
2023 Total Consumer Spending : $ 85 M $ 728 M $ 1780 M
2023 Median Age : 32 33 35
2023 Total Households : 1,006 7,598 16,351
2023 Pop Age 25+: Bachelor's Degree : 727 4,310 10,241
2023 Average Home Value : $ 306,112 $ 352,310 $ 381,250
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Co Rd 368 FM 455 2004 20 0.34 mi
West White Street W FM 455 2021 7,046 0.38 mi
West White Street FM 455 2020 6,257 0.38 mi
West White Street Hwy 75 2019 4,435 0.38 mi
Co Rd 367 2021 1,625 0.93 mi
Central Expressway FM 455 2021 70,400 0.94 mi
Taylor Blvd 2021 618 0.94 mi
Taylor Blvd Co Rd 367 2009 670 1.12 mi
Central Expressway Co Rd 375 2021 59,937 1.20 mi
Hurricane Creek Ln 2021 4,470 1.20 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH