- For Sale $3,157,000
- Property Type Retail
- Property Size 5,155 SF
- Lot Size 1.15 Acre
- Cap Rate % 5.4
- NOI / YR $170,500.00
- Date Updated Sep 9, 2026
Description
Chili’s Bar & Grill operated by Brinker Texas, Inc., subsidiary
of Brinker International
Tenant recently exercised renewal options extending the lease through 2036 with two (2) five-year options to extend
Scheduled 10% rental increase in August 2031 and at the beginning of each of the two (2) option periods, providing steady NOI growth
Low Rent-to-Sales Ratio (~4.00%), indicating strong store-level performance and sustainable occupancy costs
Location
Strategically located along I-35E (117,100 VPD) with convenient access via US-77 and Loop 288
Surrounded by major national retailers including Target, Walmart Supercenter, The Home Depot, Burlington, Michaels, and more
Located directly across from Golden Triangle Mall, featuring national tenants including H&M, Ross, Barnes & Noble, etc.
Strong tenant synergy promotes crossover shopping to the subject property
S INTERSTATE 35 E 9,900 VPD
LILLIAN MILLER PKWY 17,100 VPD
False
Contacts
SRS Real Estate Partners
SRS Real Estate Partners
SRS Real Estate Partners