Description

This investment opportunity features an absolute NNN ground lease with zero landlord responsibilities, backed by a corporate lease to Chili’s Grill & Bar and guaranteed by Brinker International, Inc. (NYSE: EAT), with approximately eight years remaining in the initial term. The property has a strong operational history, having served this location for nearly 30 years, and includes four renewal options with 10% rent increases at each extension, along with a 5% increase during the initial term. Situated in an affluent suburb within the Chicago MSA, the surrounding area boasts an average household income exceeding $150,000 within a three-mile radius. The site is positioned as an outparcel to a 137,000-square-foot community shopping center anchored by major retailers such as ALDI, Hobby Lobby, Harbor Freight, OfficeMax, and Kohl’s, and benefits from high visibility along Randall Road, which sees traffic counts of over 34,700 vehicles per day.