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Chili's 2801 Countryside Dr 5,991 SF Retail Building Turlock, CA 95380 $2,775,000 ($463.19/SF) 4.75% Cap Rate



Investment Highlights
- Corporate Guaranteed Triple Net (NNN) Lease. Publicly traded parent company. Brinkers International, NYSE: EAT
- Over 1 Acre parcel on a signalized intersection. Leasehold Ground Lease. 116 SF of frontage on Countryside Dr.
- Strong unit volume. Chili's average unit volume exceeds $4.5 Million per restaurant.
- Tenant has over 20+ Years of operating history at this location. Top performing Chili's in the region.
- Located in a top California Retail Power Center. #2 in Northern California and #5 statewide based on annual customer visits.
- Chili's is considered a Top 10 full-service casual restaurant chain with over 1,600 locations.
Executive Summary
This offering presents the opportunity to acquire a high-quality, corporate-backed net lease asset occupied by Chili's Grill & Bar, a nationally recognized brand operated by Brinker International (NYSE: EAT), a publicly traded company generating approximately $4.36 billion in annual revenue. The tenant has successfully operated at this location for over 20 years and recently executed a 10-year lease extension, demonstrating long-term commitment to the site. The property consists of a 5,991-square-foot freestanding restaurant building situated on a 47,480-square-foot corner parcel with approximately 116 feet of frontage along Countryside Drive at a signalized intersection, offering excellent visibility and access. Located within Monte Vista Crossings, a dominant 1.4+ million square foot regional power center ranked among the most visited in California, the asset benefits from exceptional consumer traffic driven by surrounding national retailers including The Home Depot, Target, Safeway, Lowe's, Kohl's, and In-N-Out Burger. Monte Vista Crossings is further enhanced by three monument signs along California State Highway 99, providing unmatched regional visibility and accessibility. The asset is structured as a corporate ground lease (leasehold) with a true triple-net (NNN) lease and no landlord responsibilities, offering passive, management-free income backed by a proven operator in one of the Central Valley’s premier retail destinations.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
5,991 SF
Building Class
B
Year Built/Renovated
2005/2023
Price
$2,775,000
Price Per SF
$463.19
Cap Rate
4.75%
NOI
$131,769
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.09 AC
Zoning
PC - TURLOCK CC
Parking
60 Spaces (10.02 Spaces per 1,000 SF Leased)
Frontage
116’ on Countryside Dr
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 5,991 SF
- $1.83
- Triple Net
- Jun 2035
Chili's Grill & Bar began in Texas in 1975 as a casual dining restaurant concept and became part of Brinker International, the parent company behind the brand. The company serves burgers, fajitas, ribs, Tex-Mex dishes, and margaritas, and offers dine-in, pickup, delivery, and rewards options through a broad restaurant network in the United States and international markets. Chili's continues to operate as a flagship restaurant brand within Brinker International and remains centered on casual dining service.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Accommodation and Food Services | 5,991 SF | $1.83 | Triple Net | Jun 2035 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 088-03-41 | Improvements Assessment | $1,288,015 |
| Land Assessment | $792,784 | Total Assessment | $2,080,799 |
Property Taxes
Parcel Number
088-03-41
Land Assessment
$792,784
Improvements Assessment
$1,288,015
Total Assessment
$2,080,799
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Chili's | 2801 Countryside Dr
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