Listings > Chili’s Grill & Bar (Corporate Lease) 512 Shawnee Mall Dr, Shawnee, Oklahoma

Chili’s Grill & Bar (Corporate Lease): Shawnee, OK

15-YEAR (14 YEARS REMAINING) ABSOLUTE NNN LEASE
The subject property operates under an Absolute NNN Lease with 14-years remaining and no Landlord management or
maintenance responsibilities whatsoever

CORPORATELY GUARANTEED LEASE WITH ANNUAL RENT INCREASES
The Corporate Lease provides 1.5% fixed annual rent increases during the primary term and is corporately guaranteed by Brinker International, Inc. (NYSE: EAT).

LEASE GUARANTOR IS ONE OF THE WORLDS LEADING CASUAL DINING RESTAURANT COMPANIES
Brinker International, Inc., the Guarantor under the Lease, has a credit rating of BB+ from Standard & Poors and Ba1 from Moodys.

WELL-ESTABLISHED LOCATION ON AN OUTPARCEL TO SHAWNEE MALL
The subject property has a 18-year operational history at this location situated on an out parcel to Shawnee Mall, a 455,420
square-foot shopping mall anchored by Dillard’s, JC Penney, Ross, and Kohl’s. The immediate area contains a diverse mix
of national tenants including Walmart, Walgreens, Lowe’s, Aldi, Holiday Inn, Wendy’s, Staples, Jo-Ann Fabrics, Petsmart,
Starbucks, Chick-fil-a, Dollar Tree, Hobby Lobby, Tractor Supply, Ford, Chevy, KFC, Hampton Inn, McDonald’s, and TJ Maxx.

CHILI’S GRILL & BAR AND BRINKER INTERNATIONAL, INC. HIGHLIGHTS(1)
• Founded over 40 years ago and currently owned and operated by Dallas-based Brinker International, Inc.
• Brinker International, Inc. has a credit rating of “BB+” by Standard & Poor’s and “Ba1” by Moody’s
• Generated revenue of approximately $3.14 billion in Fiscal 2019
• 1,612 Chili’s Grill & Bar locations worldwide in 49 states, 32 countries and 2 U.S. territories with more than 100,000 team
members worldwide
• As of June 26, 2019, Brinker International, Inc. owned, operated or franchised 1,665 restaurants worldwide, across both Chili’s
Grill & Bar (1,612 loctaions) & Maggiano’s Little Italy (52 locations) brands
• Approximately 50 million Americans visit Chili’s Grill & Bar every three months
• Multiple locations available - Call agent for details

Seller will guarantee Buyer the difference between the current rent and the next rent increase scheduled for August 1, 2020. Income shown reflects proforma rent as of August 1, 2020. The difference in rent will be credited at closing.

(1) Chili’s Grill & Bar is the Tenant under the Lease. Brinker International, Inc. is the Guarantor.

OK Broker of Record: Timothy Speck
License: 149994

Listed By:
John A Glass (CA DRE License: 00980723)
Executive Managing Director, Investments
Jason Hernandez (CA DRE License: 01392646)
Senior Vice President, Investments
$3,853,986
6.00%
$231,239
100%
4,027 SF
14 Years
2001
Closed