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Chili's | NNN 2406 S Interstate 35 E 5,155 SF Retail Building Denton, TX 76205 $3,248,000 ($630.07/SF) 5.25% Cap Rate
Investment Highlights
- Corporate Restaurant Tenant | Long-Term Occupancy | Scheduled Rental Increase
- High-Traffic Retail Corridor | Surrounded by National Retailers | Near Golden Triangle Mall
- NNN Lease Structure | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Chili’s Bar & Grill operated by Brinker Texas, Inc., subsidiary
of Brinker International
• Tenant recently exercised renewal options extending the lease through 2036 with two (2) five-year options to extend
• Scheduled 10% rental increase in August 2031 and at the beginning of each of the two (2) option periods, providing steady NOI growth
• Low Rent-to-Sales Ratio (~4.00%), indicating strong store-level performance and sustainable occupancy costs
of Brinker International
• Tenant recently exercised renewal options extending the lease through 2036 with two (2) five-year options to extend
• Scheduled 10% rental increase in August 2031 and at the beginning of each of the two (2) option periods, providing steady NOI growth
• Low Rent-to-Sales Ratio (~4.00%), indicating strong store-level performance and sustainable occupancy costs
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,155 SF
Building Class
B
Year Built/Renovated
1986/2014
Price
$3,248,000
Price Per SF
$630.07
Cap Rate
5.25%
NOI
$170,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.15 AC
Zoning
MR - Mixed-Use Regional
Parking
95 Spaces (18.43 Spaces per 1,000 SF Leased)
Frontage
184’ on I-35e
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R128444 | Improvements Assessment | $1,334,946 |
| Land Assessment | $900,054 | Total Assessment | $2,235,000 |
Property Taxes
Parcel Number
R128444
Land Assessment
$900,054
Improvements Assessment
$1,334,946
Total Assessment
$2,235,000
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Chili's | NNN | 2406 S Interstate 35 E
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