Chili's - Net Lease Property for Sale
Willis, TX
Key Investment Metrics
Price
$2,710,000
Cap Rate
5.3%
Net Operating Income
$145,000
Building Size
5136 SF
Lot Size
5,136 SF
Land Area
1.37 Acres
Remaining Term
9.5 years
Lease Expiration
06/30/2035
Lease Term
10.1 years
Lease Commencement
06/12/2025
Lease Type
NNN
Year Built
2025
Occupancy
100%
Tenancy
Single
Rent Increases
10% Increase in Year 6 and in Renewal Options
About This Chili's Net Lease Property
This Chili's NNN (triple net lease) property is located in Willis, TX and represents an excellent investment opportunity for commercial real estate investors. The property features 5136 square feet of building space and was built in 2025.
With a cap rate of 5.3%, this Chili's net lease property offers stable income potential. The asking price is $2,710,000, making it an attractive option for 1031 exchange investors seeking quality Chili's commercial properties.
Why Invest in Chili's NNN Properties?
- Stable Income: Chili's net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Chili's is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Willis, TX Market Overview
Located in Willis, TX, this Chili's property benefits from strong local demographics and market fundamentals. The Willis area offers excellent visibility and accessibility, making it an ideal location for Chili's operations and a solid investment for net lease property buyers.