Chili’s

Chili’s Grill & Bar is an American casual dining restaurant chain that features Tex-Mex-style cuisine.The company was founded by Larry Lavine in Texas in 1975 and is currently owned and operated by Brinker International. The company has  claimed its  place in the restaurant universe. Today, you can find them in 32 different countries.

 

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Parent Company: Brinker International
Store Count: 1,606
S&P Rating: BB+

S&P Outlook: Stable

Moody Rating: Ba1

Moody Outlook: Stable

Typical Lease Characteristics

Lease Term: 15 – 20 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate and Franchise

Positives:

  • Public Company, Credit Rated
  • NNN lease eliminates landlord responsibilities
  • Typically Long term leases with increases

Negatives:

  • Consumers are showing a growing interest in healthy fast food.
  • Competitive Industry Sector
  • Susceptible to economic trends and pressures

Market Snapshots:

On Market Ranges:

# of Properties in set: 3

Price: $1,281,150 - $1,653,580Average: $1,489,711

PPSF: $280 - $330Average: $305

Year Built: 1993 - 2007Average: 2002

CAP Rate Range: 5.80% - 7.63%Average: 6.75%

Size range: 4,215 sq ft - 5,693 sq ft Average: 4,891 sq ft

Last 12 Month Range:

# of Properties in set: 19

Price: $1,830,230 - $2,138,470Average: $1,926,554

PPSF: $311 - $389Average: $354

Year Built: 1976 - 2017Average: 1999

CAP Rate Range: 6.02% - 6.99%Average: 6.47%

Size range: 4,000 sq ft - 6,800 sq ft Average: 5,518 sq ft

Chili’s Company Profile

Headquarters Information

Dallas, Texas

Founded in 1975

Company type: Public

Stock Ticker: EAT

Parent Company: Brinker International

Sector: Services

Industry: Restaurant

S&P Rating: BB+

S&P Outlook: Stable

S&P Rating: Ba1

Moody Outlook: Stable

Chili’s Stock Keys

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