Chili's | 4120 Five Points Rd
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Chili's 4120 Five Points Rd
5,837 SF Retail Building Corpus Christi, TX 78410 $1,795,000 ($308/SF) 4.72% Cap Rate
Investment Highlights
- Trust Sale
- Located at the intersection of US 77 and Northwest Blvd
- located in the premier Five Points retail center and close to Home Depot
- Long terms lease with 3 additional 5 year terms
Executive Summary
Trust Sale - This Triple Net Chili's Restaurant Bar and Grill has an additional .559 acres in the rear of the property included in the listing price. The restaurant is located in the desirable Five Points Shopping Center. Close to Home Depot and near the intersection of US 77 and Northwest Blvd. The property has 125ft of frontage, 2.2 acres and is built in 2003. Chili's is located in 29 countries with 1600 restaurants. Total revenues are over $4 Billion. Percentage Rent break point in gross sales is $4,066,000.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,837 SF
Building Class
B
Year Built
2003
Price
$1,795,000
Price Per SF
$308
Cap Rate
4.72%
NOI
$84,744
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.20 AC
Zoning
CG-2 - Commercial General
Parking
66 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
125 FT on U.S. 77
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 262437 | Improvements Assessment | $902,372 |
| Land Assessment | $382,716 | Total Assessment | $1,285,088 |
PROPERTY TAXES
Parcel Number
262437
Land Assessment
$382,716
Improvements Assessment
$902,372
Total Assessment
$1,285,088
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Chili's | 4120 Five Points Rd
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