Log In/Sign Up
Your email has been sent.
Chili's Grill & Bar – Dallas-Fort Worth Metro 8008 Denton Hwy 5,665 SF Retail Building Watauga, TX 76148 $3,980,000 ($702.56/SF) 5.66% Cap Rate
Investment Highlights
- Located in Excellent Dallas-Fort Worth Metroplex - 4th-largest metropolitan area in the U.S.
- Corporate lease with attractive 1.5% fixed annual rent increase
- Absolute NNN leased, no landlord responsibilities
- Within the large Watauga Towne Crossing anchored by Supper Target (with Target Grocery)
Executive Summary
Corporate Leased CHILI’S GRILL & BAR in Dallas-Fort Worth Metroplex, highly visible from Denton Highway 377! Absolute NNN Lease, with 7.5 years remaining followed by (6) Five-Year Options, no Landlord management or maintenance responsibilities. Attractive 1.5% fixed annual rent increases during the primary term and 1st and 2nd Five-Year options. Lease guarantor Brinker International, Inc. (NYSE: EAT) is one of the world's leading casual dining restaurant companies.
Excellent location with great visibility from Denton Highway 377 in the Dallas-Fort Worth Metroplex, has average daily traffic counts of over 40,000 VPD. The Dallas-Fort Worth Metroplex is a rapidly growing region in North Texas with a population exceeding 8 million. As the fourth-largest metropolitan area in the U.S.. 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.
Excellent location with great visibility from Denton Highway 377 in the Dallas-Fort Worth Metroplex, has average daily traffic counts of over 40,000 VPD. The Dallas-Fort Worth Metroplex is a rapidly growing region in North Texas with a population exceeding 8 million. As the fourth-largest metropolitan area in the U.S.. 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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,665 SF
Building Class
B
Year Built
2000
Price
$3,980,000
Price Per SF
$702.56
Cap Rate
5.66%
NOI
$225,154
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.44 AC
Amenities
- Dedicated Turn Lane
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07611307 | Improvements Assessment | $980,700 |
| Land Assessment | $1,069,300 | Total Assessment | $2,050,000 |
Property Taxes
Parcel Number
07611307
Land Assessment
$1,069,300
Improvements Assessment
$980,700
Total Assessment
$2,050,000
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Chili's Grill & Bar – Dallas-Fort Worth Metro | 8008 Denton Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.