Chili's Grill & Bar – Dallas-Fort Worth Metro 8008 Denton Hwy 5,665 SF Retail Building Watauga, TX 76148 $5,429,675 CAD ($958.46 CAD/SF) 5.66% Cap Rate

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.