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Chili's | 4yrs Abs NNN | Home Depot Outparcel 14025 S Bell Rd

5,557 SF Retail Building Homer Glen, IL 60491 $3,193,000 ($575/SF) 8% Cap Rate

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Investment Highlights

5 Years Remaining | Newly-Renovated | Options to Extend |Scheduled Rental Increases | Well-Known and Established Tenant
Outparcel to Home Depot Anchored Power Center | Dense Retail Corridor | Strong National/Credit Tenant Presence
Six-Figure Incomes | Strong Demographics in 5-Mile Trade Area

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Signalized, Hard-Corner Intersection | Excellent Visibility | Significant Street Frontage | Monument Sign

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN, newly renovated, freestanding Chili’s investment property located in Homer Glen, Illinois (Chicago MSA). The tenant has approximately 4 years remaining on their initial term with 2 (5-year) options to extend. The lease features annual 1.5% rental increases, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Brinker Restaurant Corporation is a subsidiary of Brinker International Inc., one of the leading casual dining restaurant companies in the world and publicly-traded (NYSE: EAT).

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

5,557 SF

Building Class

Year Built/Renovated

2007/2020

Price

$3,193,000

Price Per SF

$575

Cap Rate

NOI

$255,450

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Land Acres

1.45 AC

Zoning

C-3 - General Business District

Parking

104 Spaces (18.72 Spaces per 1,000 SF Leased)

Frontage

232 FT on S Bell Rd

Amenities

Corner Lot
Freeway Visibility

Restaurant
Signage

Signalized Intersection

Monument Signage

Accommodation and Food Services
99,999 SF
-
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Chili’s Grill & Bar first opened its doors on the corner of Greenville Avenue and Meadow Road in Dallas back in 1975. It was a one-of-a-kind place that pioneered their unique and fun restaurant experience. Priding themselves for their humble beginnings, following a devotion to great food, warm hospitality and community spirit. Today, with restaurants all over the world, they continue to cook up the best in casual fare, offering the same genuine service they did way back when. And, just as in 1975, they've been committed to giving back to the communities that have helped them grow. Since then, they’ve boldly claimed their place in the restaurant universe. Today, they can be found in 28 different countries. They happily celebrated 20 years in Mexico and they’re excited to be opening new locations in Asia and beyond. People around the globe love their Fresh Tex and Fresh Mex flavors, and the fun ways that they make every Guest feel special.