1031 Deal Hub

Chilis

Overview

Chili’s Bar and Grill is an American casual dining restaurant known for its Tex-Mex menu such as tacos, quesadillas and fajitas. With over 1,700 locations worldwide, Chili’s is constantly changing and looking to keep a fresh menu. On average, Chili’s offers 15 year lease terms with typical rent escalations of 10% every 5 years, and zero landlord responsibility. Chili’s locations are generally around 6,000 square feet on 1.0-2.0 acres.
Lowest Cap Rate

3.87%

Average Cap Rate

5.21%

Property & Lease

Average Sale Price

$2,750,000 – $4,000,000

Average NOI

$175,000 – $225,000

Building SF

4,500

Lease Term

15 Years

Escalations

10% Every 5 Years

Stock Symbol

NYSE:EAT
Credit Rating

S&P

BB+

Moody’s

Ba1

Tenants

CVS
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