Chili’s Grill & Bar (Corporate Lease): Harlingen, TX

15-YEAR ABSOLUTE NNN LEASE (14 YEARS REMAINING)
The subject property operates under an Absolute NNN Lease with 14 years remaining and no Landlord management or
maintenance responsibilities whatsoever.

CORPORATELY GUARANTEED LEASE WITH ANNUAL RENT INCREASES
The Corporate Lease provides 1.5% fixed annual rent increases during the primary term and is corporately guaranteed by Brinker International, Inc. (NYSE: EAT).

LEASE GUARANTOR IS ONE OF THE WORLD’S LEADING CASUAL DINING RESTAURANT COMPANIES
Brinker International, Inc., the Guarantor under the Lease, has a credit rating of “BB+” from Standard & Poor’s and “Ba1” from Moody’s.

WELL-ESTABLISHED LOCATION WITH STRONG DEMOGRAPHICS
The subject property has a 20-year operational history at this location, which is situated immediately off of Interstate 69E
(90,088 VPD) and located next to Holiday Inn Express, Starbucks, Cinemark 16 Theaters, Courtyard by Marriott, Pizza Hut,
Subway, Office Depot, Target, Ulta Beauty, Walmart Supercenter, Valle Vista Mall, H-E-B Grocery, Bass Pro Shops, and several
regional retailers. Harlingen is the only major retail stop between South Padre Island and Corpus Christi on Interstate 69E.

CHILI’S GRILL & BAR AND BRINKER INTERNATIONAL, INC. HIGHLIGHTS(1)
•Founded over 40 years ago and currently owned and operated by Dallas-based Brinker International, Inc.
•Brinker International, Inc. has a credit rating of “BB+” by Standard & Poor’s and “Ba1” by Moody’s
•Generated revenue of approximately $3.14 billion in Fiscal 2019
•1,612 Chili’s Grill & Bar locations worldwide in 49 states, 32 countries and 2 U.S. territories with more than 100,000 team
members worldwide
•As of June 26, 2019, Brinker International, Inc. owned, operated or franchised 1,665 restaurants worldwide, across both Chili’s
Grill & Bar (1,612 loctaions) & Maggiano’s Little Italy (52 locations) brands
•Approximately 50 million Americans visit Chili’s Grill & Bar every three months
•Recognized as one of ”America’s Best Employers” on the 2015 Forbes List and Fortune’s “100 Best Workplaces for Millenials”

Seller will guarantee Buyer the difference between the current rent and the next rent increase scheduled for August 1, 2020. Income shown reflects proforma rent as of August 1, 2020. The difference in rent will be credited at closing

(1) Chili’s Grill & Bar is the Tenant under the Lease. Brinker International, Inc. is the Guarantor.

TX Broker of Record: Timothy Speck
License: 432723