Siloam Springs, AR - Chili's

Description:

• The lease is Corporate Guaranteed by Brinker Restaurant Corporation which currently operates 365 restaurant locations
• The tenant, Chili’s, recently signed a brand-new 10 year lease with 4 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period

• The subject property is located adjacent to an Olive Garden, McDonald’s, and Sherwin-Williams new development as well as a Lowe’s-anchored center, that also includes IHOP, Wendy’s, RibCrib BBQ pads
• The asset is a couple blocks from a 183,000+ SF Walmart Supercenter, which also features Panda Express, Waffle House, and Murphy USA pads
• The Chili’s is located in a primary retail corridor with many national/credit tenants including Whataburger, 7-Brew, Burger King, Domino’s Pizza, ALDI, Taco Bell, O’Reilly Auto Parts, Long John Silver’s, and many more
• Strong tenant synergy promotes crossover shopping to the subject property