Chili’s Grill & Bar (Corporate Lease): San Antonio (Loop 410), TX
NEW 15-YEAR ABSOLUTE NNN LEASE
The subject property operates under an Absolute NNN Lease, with 15-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 16-year operational history at this location, situated immediately off of Interstate 410 (178,000 ADT) and located next to Target, Lowe’s, PetSmart, Home Depot, Starbucks, Walmart Supercenter, SpringHill Suites, Homewood Suites by Hilton, The UPS Store, Ross Dress for Less and many more. There are strong demographics in San Antonio, TX with 303,446 residents within a 5-mile radius of the subject property.
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 2018
• 1,634 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 27, 2018, Brinker International, Inc. owned, operated or franchised 1,686 restaurants worldwide, consisting of 997 companyowned
restaurants and 689 franchised restaurants across both Chili’s Grill & Bar & Maggiano’s Little Italy 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”
(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
