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Chili's Grill & Bar: San Juan, TX 1411 E Expressway 83

5,105 SF Retail Building San Juan, TX 78589 $2,363,700 ($463/SF) 5.50% Cap Rate

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Investment Highlights

NNN Ground Lease with Renewal Options | Recent 2023 Construction | 10% Rent Increase in 2028
Excellent Access & Visibility | Located Roughly 6 Miles East of Downtown McAllen | Along East I-2 (102,481 VPD)
Dynamic Demographics | Population of 82,639 & Average HH Income of $66,271 within a 3-Mile Radius

Top Visited Location | This Location Ranks Among the Top 22% of Chili's Restaurants Nationwide and Top 21% Throughout TX (Placer.ai).
Chili’s is adjacent to Olive Garden, Denny’s and an upcoming 100-room Home2 Suites and is within feet of Walmart Supercenter.
McAllen-Edinburg-Mission, TX MSA Advantage | MSA Population: 910,138

Executive Summary

The CBRE Net Lease Property Group is pleased to exclusively offer for sale an ±8.0-year NNN Chili’s ground lease situated on 1.47 acres in San Juan, Texas—part of the McAllen-Edinburg-Mission, TX MSA (MSA Population: 910,138). Chili’s 5,105-square-foot building was recently constructed in 2023, and its lease features a 10% rent increase in 2028 and in each of the four 5-year renewal options. Rio Grande Valley is Chili’s’ most profitable market in the country. By visits, this San Juan location ranks among the top 22% of Chili’s restaurants nationwide and top 21% throughout Texas (Placer.ai).