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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
Restaurant
Building Size
5,991 SF
Building Class
B
Year Built/Renovated
2005/2023
Price
$3,799,169 CAD
Price Per SF
$634.15 CAD
Cap Rate
4.75%
NOI
$180,401 CAD
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
  • $2.51 CAD
  • Triple Net
  • Jun 2035

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 5,991 SF $2.51 CAD Triple Net Jun 2035

Nearby Major Retailers

Chase Bank
MOD Pizza
The Habit Burger Grill
Buffalo Wild Wings
Deli Delicious
Olive Garden
Starbucks
Safeway
Ono Hawaiian BBQ
Red Robin Gourmet Burgers and Brews

Property Taxes

Property Taxes

Parcel Number
088-03-41
Land Assessment
$1,085,377 CAD
Improvements Assessment
$1,763,383 CAD
Total Assessment
$2,848,760 CAD
  • Listing ID: 39825068

  • Date on Market: 2026-03-18

  • Last Updated:

  • Address: 2801 Countryside Dr, Turlock, CA 95380

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