Chili’s Grill & Bar is a leading casual dining restaurant brand that specializes in Tex-Mex style cuisine.
Chili’s Grill & Bar is an attractive net lease investment for several reasons. Their initial lease term is usually 20 years with two (2) to five (5) option periods of five (5) years each. Their increases tend to vary, ranging from 1.5% annually to 7.5% - 10% every five (5) years. Typically, their leases require no landlord responsibilities. Chili’s operates their buildings very similarly to other casual dining layouts. This makes the building easily adaptable to re-tenant. The great visibility from major roadways will be a great draw for any tenant.
Brinker International owns Chili’s and Maggiano’s Little Italy restaurant. Brinker International tries to grow their brands through profitable restaurant development, operational quality, marketing, and culinary excellence. Brinker International is currently rated Ba1 by Moody’s and BB+ by Standard & Poor’s.
Having operated their restaurants for over 40 years, Chili’s has created a fun and energetic atmosphere where family and friends can gather over a delicious meal. The Chili’s team is dedicated to delivering fresh, high-quality food with a unique point of view, as well as dining experiences that make people feel special. They opened their first location in 1975 in Dallas, TX. Today, Chili’s has locations in 29 countries, and two U.S. territories. The domestic locations tend to be concentrated in and around Texas, Florida, and California. In total, they currently have 1,600 restaurants open, with 25% of domestic restaurants being operated by franchisees.
They continually evaluate their menu to improve quality, freshness, and value by introducing new items and improving existing favorites. Today, they are focusing on expanding locations in the Mid-Western states.