Chili’s – Reno

5090 Smithridge Dr., Reno, NV 89502

— For Sale • Under Contract —

List Price3.15 MM

Building Size +/- 5,645 SF

Cap Rate 4.75%

Property Information

LOGIC Commercial Real Estate is pleased to exclusively offer for sale a Single Tenant Absolute NNN Ground Leased Chili’s Bar and Grill located in Reno, NV. The property consists of a +/- 5,645 SF building situated on a +/- 1.11 AC parcel located on the signalized corner of S. McCarran Blvd. and S. Virginia St. with combined traffic counts over +/- 55,000 CPD. This lease is an absolute NNN ground lease, zero landlord responsibilities, four 5-year renewal options, and increases to base rent every 5 years throughout all option periods.

The Meadowood submarket is one of the most desirable retail locations with a +/- 988,786 SF indoor mall located across S. McCarran Blvd. and major retailers including Best Buy, Barnes & Noble, Petco, Hobby Lobby, Trader Joe’s and more within a quarter-mile radius. This is one of only two total Chili’s Bar and Grill locations in northern Nevada. Chili’s Bar and Grill is owned by Brinker International, Inc. (NYSE: EAT). Brinker is an American multinational hospitality industry company that owns Chili’s, Maggiano’s Little Italy, It’s Just Wings, and Romano’s Macaroni Grill restaurant chains. Founded in 1975 and based in Dallas, TX, Brinker currently owns, operates, or franchises over 1,670 restaurants worldwide.

Contact

Shareholder

Ian Cochran, CCIM

Partner
Reno
License B.145434.LLC
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O 775.433.1102
C 775.225.0826
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Shareholder

Greg Ruzzine, CCIM

Partner
Reno
License BS.145435
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O 775.433.1103
C 775.450.5779
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Brokerage

Sam Meredith

Associate
Reno
License S.189257
O 775.433.1111
C 775.737.2939
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