Westminster Retail for Sale - Northwest Denver
CBRE, Inc. is pleased to exclusively offer a single-tenant Chili’s Bar & Grill located in Westminster, Colorado (Denver MSA). The offering is inclusive of an absolute triple-net lease with a recent 10-year extension expiring June 2035 that features contractual rent increases in addition to two 5-year renewal options. The lease is corporately secured by Brinker International, Inc. (NYSE: EAT).
The 6,000-square foot freestanding retail facility was built in 1985 and is located within the Towne Center at Brookhill, a 427,000 square foot regional shopping center destination with an array of daily need goods and services, discount soft goods merchandise, entertainment and quick service dining options.
The location benefits from a hard corner, lighted entrance off of West 88th Avenue and high barriers to entry in a entirely built out retail trade area. With convenient access along two of the main traffic arteries in Westminster, West 88th Ave and Wadsworth Blvd, drive by exposure is over 80,750 vehicles per day. This strategic location is just 2 miles from the US 36 and Sheridan Avenue interchange, midway between Denver and Boulder on the US 36 tech corridor.
Chili’s Bar & Grill is an American casual dining restaurant chain featuring American food, Tex-Mex cuisine and dishes influenced by Mexican cuisine, such as quesadillas, and fajitas. Founded in 1975 by Larry Lavine, the first restaurant opened in Coppell, Texas. The chain has grown to over 1,600 locations worldwide with nearly 1,300 across the U.S. and 345 international.
Chili’s Bar & Grill is being offered free and clear of existing debt on an “As-Is/Where Is” basis.
