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Chili's Grill & Bar 8008 Denton Hwy 5,665 SF Retail Building Watauga, TX 76148 $4,288,648 ($757.04/SF) 5.25% Cap Rate
Investment Highlights
- Absolute NNN leased, no landlord responsibilities
- Within the large Watauga Towne Crossing anchored by Supper Target (with Target Grocery)
- Corporate lease with attractive 1.5% fixed annual rent increases
- Excellent access & visibility along Denton Highway 377 in the Dallas-Ft. Worth Metroplex
Executive Summary
Excellent location with high visibility from Denton Highway 377 in the Dallas-Ft. Worth Metroplex, has average daily traffic counts of over 40,000 VPD. The corridor is in an area of explosive growth, with thousands of new homes planned and strong demographics. Located within the large Watauga Towne Crossing anchored by Supper Target (with Target Grocery), and other national tenants Staples, Petco...
This Chili’s Grill & Bar has been operating at this location for almost 25 years. By signing the 2nd 15-year primary lease and (6) Five-Year Options in 2018, tenant shows strong commitment for this proven location.
Property Facts
Amenities
- Dedicated Turn Lane
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 5,665 SF
- -
- Triple Net
- -
Chili’s Grill & Bar is in the business of making everyone feel special. In everything they do, they have to ask themselves if they’re putting the Guest first and making sure they’ll come back for more. Their Cultural Beliefs bring that passion to life and shape who they are as a company and as the people who live and breathe inside of it. They’re more than mere transactions – they’re people connecting with people! If their beliefs are strong, their actions will match. And that’s how they create memorable experiences and real results. As food on their menu comes in all shapes, sizes and flavors, no two Team Members are the same, and that’s the way they like it. It’s quite simple: They believe a diverse, equitable and inclusive workplace is good for Team Members, Guests, and the communities they serve. Their Team Members and Guests are diverse in gender, race, ethnicity, sexual orientation, disability, religion, age, cultural background and life experience.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 5,665 SF | - | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 07611307 | Improvements Assessment | $980,700 |
| Land Assessment | $1,069,300 | Total Assessment | $2,050,000 |
Property Taxes
Presented by
Chili's Grill & Bar | 8008 Denton Hwy
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