2406 S Interstate 35 E - Restaurant FOR SALE


Denton, TX 76205
$3,248,000 USD
480-221-4221
2406 S Interstate 35 E, Denton, TX for Sale
$3,248,000 USD
Restaurant - FOR SALE
1/7
null | 5.25% Cap Rate

2406 S Interstate 35 E
Denton, TX 76205


HIGHLIGHTS

  • Corporate Restaurant Tenant | Long-Term Occupancy | Scheduled Rental Increase
  • NNN Lease Structure | Fee Simple Ownership | Limited Landlord Responsibilities
  • High-Traffic Retail Corridor | Surrounded by National Retailers | Near Golden Triangle Mall
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Chili’s Bar & Grill operated by Brinker Texas, Inc., subsidiary of Brinker International • Tenant recently exercised renewal options extending the lease through 2036 with two (2) five-year options to extend • Scheduled 10% rental increase in August 2031 and at the beginning of each of the two (2) option periods, providing steady NOI growth • Low Rent-to-Sales Ratio (~4.00%), indicating strong store-level performance and sustainable occupancy costs

FOR SALE DETAILS

PRICE

$3,248,000 USD

PRICE/SF

$614 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chili's | NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,003 SF

ZONING

MR

APN/PARCEL ID

R128444

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.