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4120 Us 77 Corpus Christi, TX

For Sale
$1,760,000

Below-market ground lease with Chili’s Grill & Bar.

Lot size:
2.18 Acres

Property Features for 4120 Us 77

General Information

Lot size
2.18 Acres

Source: Goodman Real Estate Agent Kyle Hartung

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Corpus Christi Retail Investment Opportunity

For sale to qualified investors is a ground lease with Chili’s Grill & Bar in Corpus Christi, Texas. The property is situated on 2.2 acres of retail land at the entrance to The Home Depot. The operator, Brinker International, is the 3rd largest full-service restaurant chain in the United States with trailing 12 month revenue over $5 Billion. Chili’s performs well at this location and has renewed the lease twice. Chili’s currently has just under 2 years remaining on their current term with two remaining 5-year options at a 7% increase. The property is situated in a super-regional location at the interchange of Interstate 69 and Interstate 37 with over 50,000 combined vehicles per day. The area is a retail hub with national tenants surrounding the property including Chick-Fil-A, Starbucks, Sonic, Whataburger, Taco Bell, The Home Depot, Walmart, Ross Dress for Less, Petco, Hobby Lobby, Five Below, and the Corpus Christi Medical Center.
Location Intelligence

Current Use by Public Records

Restaurants

Map

City
Corpus Christi
County
Nueces
State
Texas
Longitude
-97.0773609
Latitude
28.0160023

FAQs

What type of property is this?
Restaurant - Below-market ground lease with Chili’s Grill & Bar.
Where is this restaurant located?
The property is located at 4120 Us 77 Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,760,000.
What are key features of this property?
This property features: - Below-market ground lease with Chili's Grill & Bar, offering immediate value.; - Strong tenant, Brinker International, a major restaurant chain with over $5 Billion in revenue.; - Excellent location at the entrance to The Home Depot in a prime retail hub with high traffic.
More about this property
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