Log In/Sign Up
Your email has been sent.
19825 Northwest Fwy
Houston, TX 77065
Chili's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New absolute NNN lease to Chili’s, one of the largest casual dining chains in the U.S with over 1,200 locations.
- Chili’s parent company, Brinker International, Inc., also achieved record total revenues of over $5 billion for the first time in its history.
- Located in an income tax-free state.
- Scheduled 10% rental increases every five years, ensuring consistent income growth.
- Chili’s has experienced 17 consecutive quarters of positive same-store sales, and double-digit growth in the last five quarters.
EXECUTIVE SUMMARY
This prime restaurant property offers a high-visibility, easily accessible location near the intersection of U.S. Route 290 and State Route 6, which experiences over 196,000 combined AADT. The site benefits from reliable tenancy with Chili’s, a leading brand in the public restaurant sector that achieved 24% same-store sales growth in Q4 2024—1,890 basis points above the casual dining industry average. Serving a populous area of 306,766 residents within a five-mile radius, the location boasts an impressive average annual household income of $119,894. The property is surrounded by a dynamic mix of major national and local retailers, including The Home Depot, Walmart Supercenter, Petco, Sam’s Club, and H-E-B, creating strong retail synergy and sustained consumer traffic. Its adjacency to HCA Houston Healthcare North Cypress, which employs approximately 1,400 people, further enhances visibility and consistent patronage from both hospital staff and visitors. With projected income growth across the 1-, 3-, and 5-mile trade areas over the next five years, this Chili’s and the surrounding Houston market are well-positioned for continued and steady economic expansion.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,532 SF
Building Class
C
Year Built
1999
Price
$2,933,670 CAD
Price Per SF
$530.31 CAD
Cap Rate
5.75%
NOI
$168,686 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.36 AC
Zoning
C1 - Core Commercial Zone
Parking
108 Spaces (19.57 Spaces per 1,000 SF Leased)
Frontage
62’ on Us-290 Hwy
AMENITIES
- Freeway Visibility
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 1219110010001 | Improvements Assessment | $1,406,812 CAD |
| Land Assessment | $2,045,237 CAD | Total Assessment | $3,452,049 CAD |
PROPERTY TAXES
Parcel Number
1219110010001
Land Assessment
$2,045,237 CAD
Improvements Assessment
$1,406,812 CAD
Total Assessment
$3,452,049 CAD
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
