Chili’s Grill & Bar

Tenant Description

Chili’s Grill & Bar is a leading casual dining restaurant brand that specializes in Tex-Mex style cuisine. The company was founded in Dallas, TX in 1975 and is currently owned and operated by Brinker International. The Chili’s team is dedicated to delivering fresh, high-quality food with a unique point of view, as well as dining experiences that make people feel special. They currently have 1,600+ restaurants open and operate in 30+ Countries. Roughly 1 out of every 5 locations in the U.S is operated by a franchisee.

What To Look For When Buying A Chili’s Grill & Bar

Rent To Sales Ratio, Who Is Guarantor On The Lease (Corporate Or Franchisee?) If Franchisee How Many Units Do They Operate

What We Like About Chili’s Grill & Bar

Brand Recognition, Generally Great Infill Real Estate, Easy To Re-Tenant Building

Competition

TGI Fridays, Cheesecake and Applebee’s

What Is Sold In A Chili’s Grill & Bar

In addition to their regular menu, the company offers a nutritional menu, allergen menu, and vegetarian menu.

Chili’s Grill & Bar Website

https://www.chilis.com/

Parent Company

Brinker International

https://www.brinker.com/

Corporate Office Location

6820 LBJ Freeway – Dallas, Texas, U.S. 75240

Fast Facts

The restaurants menu includes appetizers, sandwiches and handhelds, craft burgers, lighter choices, fajitas and enchiladas, fresh mex bowls, burritos, tacos and quesadillas, combo, ribs and steaks, chicken and seafood, dinner for two, lunch combos, sides, desserts, beverages, kids menu, and party platters, as well as salads, soups, and chili.

Stock Price
Tenant News
Average Cap Rate Trend
6.00%
2019
5.75%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$2,750,000
Avg. Annual Rental Income$160,000
Avg. Price/SF$475
Typical Lease TypeTriple Net
Typical Lease Term15 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating (Parent Company)
S & PBB+ Stable
Moody'sBa1 Stable

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