Chili’s - Marshall, TXNNN Ground Lease | Corporate Credit | $733,000 | 7.5% Cap Rate | Recently Remodeled | 1.21 Acre Lot

Chili’s Bar & Grill | 1305 E. End Boulevard N., Marshall, TX 75670

Summary of Salients

Chili’s Bar & Grill1305 E. End Boulevard N.Marshall, TX 75670

List Price $733,000

Cap Rate 7.5%

Rent $4,583.33 Monthly | $54,999.96 Annually

Building Size 4,215 SqFt

Lot Size 1.21 Acres

Year Built 2006/2007

Property Highlights

• Attractive building• Recently remodeled• Rare low price point for Chili’s• Large 1.21 Acre lot• Located on Hwy 59 (Between Walmart & Lowe’s)• Corporate Credit

Chili’s Bar & Grill | 1305 E. End Boulevard N., Marshall, TX 75670

Tenant Overview

Tenant Summary

Tenant Trade Name Chili’s Bar & Grill

Lease Guarantor Brinker Texas, L.P.

Lease Type NNN Ground Lease

Current Rent $4,583.33 Monthly | $54,999.96 Annually

Landlord Responsibilities No Landlord Responsibiities. True NNN Lease.

Original Lease Term 10 Year Base Lease Length

Lease Comencement Date April 12, 2007

Current Lease Expiration Date April 30, 2022

Term Remaining on Lease Currently in 1st Option to Extend

Rental Increases 10% Increase with each option exercised.

Options Three 5-year options remaining

Lease Increases & Option BreakdownMonthly Rent Annual Rent

Option 1 Current Term $4,583.33 $54,999.96

Option 2 5.1.2022 - 4.30.2027 $5,041.67 $60,500.04

Option 3 5.1.2027 - 4.30.2032 $5,545.83 $66,549.96

Option 4 5.1.2032 - 4.30.2037 $6,100.42 $73,205.04

About Chili’s

Burgers. Ribs. Fajitas. It all started with a dream: to create a place you’d want to go and hang out with good friends over a burger and a beer. For people who craved connection with family and friends, we were the only ones to offer a genu-ine Southwest spirit filled with positive energy.

Did You Know? Our first location opened in 1975 in Dallas, where we converted a post office into a funky little joint named Chili’s.

Since then, we’ve boldly claimed our place in the restaurant universe. Today, you can find us in 32 different countries. We happily celebrated 20 years in Mexico and we’re excited to be opening new locations in Asia and beyond. People around the globe love our Fresh Tex and Fresh Mex flavors, and the fun ways that we make every Guest feel special.

We’ve seen a lot in our 40 years. It’s a little overwhelming to think of how much has changed since those early days in Dallas, TX. Technology has connected all of us in ways we never could have imagined. We’ve become a global, inter-connected society in which six degrees of separation were too many. (It’s now FOUR! Crazy, huh?) The pace of change continues to accelerate too. Right? You don’t need us to tell you that your new smartphone is already outdated.

Getting ahead of the curve by constantly innovating requires the very best hearts-and-minds leaders with diverse viewpoints who can challenge the status quo.

Our message of inclusion is simple: We are real people being ourselves. We raise a glass at birthdays and anniversaries, we back each other up when life gets tough, and we gladly celebrate all of those wacky quirks and unique perspectives that make you…well…YOU.

You can join us without having to cover up anything about who you are as a person and the life that you live fully each and every day. What matters for you, matters for us. Everyone is welcome as long as they have the skills and ability to do the job. The world is already filled with enough unhappy people who would rather take one another down. We’d rather lift one another up, and do it with a healthy dose of #ChilisLove.

***information gathered from the Chili’s website: http://www.chilisjobs.com/our-story/

Chili’s Bar & Grill | 1305 E. End Boulevard N., Marshall, TX 75670

Location Overview

Households1 Mile 3 Miles 5 Miles

2010 987 7,747 9,746

2017 958 7,662 9,710

2022 (projected) 948 7,654 9,736

2017 Average Size 3.08 2.61 2.62

Population1 Mile 3 Miles 5 Miles

2010 3,000 21,263 26,543

2017 2,959 21,306 26,777

2022 (projected) 2,951 21,379 26,964

2017 Households Income1 Mile 3 Miles 5 Miles

Median Income $40,487 $43,081 $44,426

Average Income $52,439 $58,029 $59,962

Per Capita Income $18,048 $21,457 $22,460

About Marshall, Texas

Marshall is a city in and the county seat of Harrison County in northeastern Texas in the United States. Marshall is a major cultural and educational center in East Texas and the tri-state area.

Marshall was a political and production center of the Confederacy during the Civ-il War. Later it was a major railroad center of the T&P Railroad from the late 19th century until the mid-20th century. Activists in the city’s large African-American population worked to create social change through the Civil Rights Movement, with considerable support from the historically black colleges and universities here. The city is known for holding one of the largest light festivals in the United States, the “Wonderland of Lights”, and, as the self-proclaimed “Pottery Capital of the World”, for its sizable pottery industry.

Marshall’s economy is diversified and includes services such as Insurance claims pro-cessing at Health Care Service Corporation, also known as BlueCross BlueShield of Texas, education at several institutes of higher learning, manufacturing such as wood kitchen cabinets at Republic Industries and pottery at several manufacturers. Tourism is also an important industry with about one million tourists visiting the city each year.

Marshall has a local sales tax of 2.0%. The Marshall Economic Development Cor-poration or MEDCO lobbies companies to locate in Marshall and offers incentives to businesses that do. The Greater Marshall Chamber of Commerce represents the interests of local businesses to local, state, and national leaders.

More than 3,500 students annually attend colleges in the city, bringing energy to the area: East Texas Baptist University, the historically black Wiley College, Texas State Technical College-Marshall, and Panola College-Marshall.

Wiley College is one of the oldest historically black institutions in the United States. It was the setting of the film The Great Debaters, which depicted Wiley College’s debate team’s struggle for racial equality. They challenged the Harvard University debat-ing team on the national circuit.In reality, Melvin Tolson’s 1935 debate team, which included civil rights leader James L. Farmer, debated and defeated that year’s Pi Kappa Delta Forensic Society’s national champions, the University of Southern California (Sources “Bay Bare the Heart,” by James L. Farmer, Jr. and AMC documentary, “The Real Great Debaters.”

***information gathered from the Wikipedia website: https://en.wikipedia.org/wiki/Marshall,_Texas

Chili’s Bar & Grill | 1305 E. End Boulevard N., Marshall, TX 75670

Aerial Map

Chili’s Bar & Grill | 1305 E. End Boulevard N., Marshall, TX 75670

Close Up Aerial Map

Chili’s Bar & Grill | 1305 E. End Boulevard N., Marshall, TX 75670

Property Photos

1305 E. End Boulevard N., Marshall, TX 75670

EXCLUSIVELY LISTED BY

GEORGE L. RENZ, CCIM Renz & Renz Investment & Commercial Brokerage 408-846-1031 office 408-846-1042 fax george@renzrenz.com BRE License # 00854816

DISCLOSURE & NON-DISCLOSURE Information contained herein was obtained from the owner or sources we deem reliable. We have no reason to doubt its accuracy, but do not guarantee it. Prospective buyers should investigate and verify all information pertaining to the property. Recievers of this information commit to using it solely for it’s purpose and not to disseminate Seller or Tenant information for any other use.