CBRE’s Net Lease Property Group – Midwest is pleased to present the opportunity to acquire fee simple interest in a freestanding Chili’s at Washington Park Plaza located in Homewood, IL. The asset is backed by a corporate lease with Brinker Restaurant Corporation (NYSE: EAT), one of the world’s leading casual dining restaurant companies. Chili’s just early-executed a 5-year renewal option, extending the term through November 2031.
Strategically located within Washington Park Plaza—Homewood’s premier retail destination, which attracts approximately 2.7 million annual visitors—Chili's benefits from strong foot traffic driven by neighboring national retailers such as Best Buy, TJ Maxx, Ross, and Old Navy. The property's prime location, coupled with a long-term operating history, and a high-quality tenant, presents a compelling and low-risk investment opportunity.
Founded in 1975 and headquartered in Dallas, Texas, Chili's Grill & Bar is a leading American casual dining restaurant chain known for its bold flavors and signature menu items such as burgers, fajitas, ribs, and margaritas. As of 2025, Chili's operates over 1,600 locations across 31 countries, with approximately 60,000 employees supporting its global footprint. Chili’s is a wholly owned subsidiary of Brinker International (NYSE: EAT), one of the world’s leading casual dining restaurant companies and home of Chili’s® Grill & Bar and Maggiano’s Little Italy. Brinker owns, operates, or franchises more than 1,600 restaurants in 29 countries and two U.S. territories. The company reported $4.42 billion in revenue for fiscal year 2024, representing a 6.82% growth compared to the previous year.