Chili's

14025 South Bell Road, Homer Glen, IL 60491

$3,193,000

Cap Rate 8.00%

Views: 159 DOM: 763 Updated: 08.06.24 Posted: 10.11.22 Status: Active

Summary

Price $3,193,000	Built/Renov 2007/2020	Tenant Chili's
Cap Rate 8.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 5,557	Lease Start 11-01-2007	#Units 1,605
Price/SF $574.59	Expiration 10-31-2027	Tenant Type Casual Dining
NOI $255,425	R. Term 2.11	Ownership Fee Simple
Rent/SF $45.96	Increases 1.5%/5/yrs	Pop 5Mi 93,573
Lot/AC 1.45	Options 2/5yrs/1.5%	AHHI 5Mi $133,134

Lease Highlights

Tenant, ERJ Dining IV, LLC, (dba Chili’s) has approximately 4+ years remaining on their current lease with 2 (5-year) options to extend
The lease features annual 1.5% rental increases during the initial term
This Chili's is a well-known and established tenant that has been newly renovated
Absolute NNN lease

Location Description

Chili’s is strategically located near the signalized, hard-corner intersection of W. 143rd St. and S. Bell Road, averaging a combined 31,200 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large monument sign along S. Bell Road (15,400 VPD). The asset is an outparcel to Goodings Grove, a 636,252 SF Power Center anchored by The Home...

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Key Features

Signalized intersection
Recent renovation
Hard corner intersection
Strategically located
Highway location
Affluent AHHI $100K 5 Mi
Absolute NNN
Annual rent increases
Traded and rated company
Investment grade tenant

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Links

Chili's Wikipedia Chili's Wikipedia Homer Glen, Illinois Zip Code 60491 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chili's Grill & Bar
Guarantor:Corp T and Rated
Company:Brinker International, Inc.
# Units:1,605
Tenant S&P: BB-
Moody’s: Ba3
Stock: NYSE: EAT

About Tenant

Chili’s Grill & Bar is an American casual dining chain serving American food , Tex-Mex cuisine , and Mexican-inspired dishes . Founded in 1975 on the corner of Greenville Avenue and...

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Demographics

	1 Miles	3 Miles	5 Miles
2027 Total Population :	7,484	35,320	92,724
2022 Total Population :	7,360	35,579	94,440
2022 Employed Civilian Pop :	4,119	19,143	51,133
2022 Total Businesses :	231	823	3,318
2022 Average Household Income :	$ 138,507	$ 154,804	$ 150,784
2022 Total Consumer Spending :	$ 291 M	$ 1591 M	$ 4381 M
2022 Median Age :	45	45	45
2022 Total Households :	2,550	12,430	34,941
2022 Pop Age 25+: Bachelor's Degree :	1,429	7,159	19,042
2022 Average Home Value :	$ 356,209	$ 411,712	$ 410,120

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W 143rd St	Mustang Dr	2012	13,700	0.36 mi
South Bell Road	Essex Dr	2019	15,400	0.37 mi
W 143rd St	Welter Ct	2012	15,800	0.39 mi
W 143rd St	Somerset Dr	2012	13,700	0.83 mi
Bell Rd	Trail	2014	15,100	0.87 mi
S Bell Rd	Founders Xing	2012	12,300	0.97 mi
Will Cook Road	Citation Dr	2018	6,850	0.97 mi
Will Cook Rd	Somerset Dr	2014	6,650	0.99 mi
Oak Trail		2019	100	1.00 mi
S Parker Rd	W 143rd St	2012	3,200	1.07 mi

Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

421 Listings
43215 Views
165 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

370 Listings
39219 Views
137 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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