El Chico Café Restaurant
For Sale
Contact for pricing
Pending
2815 US Highway 75, Independence, KS 75090
Four fee-simple El Chico Café restaurants are offered under a CRO-guaranteed master lease with scheduled annual rent increases.
Property SizeContact for details
Days on Market143
Property Features for 2815 US Highway 75
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
DUWEST
Listed By:
Will Walters · License #TX 596941
Source:
Crexi
Added: Apr 10
Changed: Aug 16
Last Checked: Aug 28 at 9:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DUWEST
Investment Insights
Based on property information with market context.
DuWest Realty Investment Services is pleased to offer for sale a portfolio consisting of the fee simple interest in four El Chico Café restaurants. The portfolio operates under a single master lease with the restaurant’s parent company, Consolidated Restaurant Operations, Inc. (CRO), and the master lease is guaranteed by CRO.
Under the master lease, the portfolio pays annual rent of $643,652 per year with 1.5% annual increases through the nine years remaining on the initial term. The four sites span Texas, Oklahoma, and Arkansas, and each location is described as being in a major retail corridor and along heavily-trafficked highways and intersections within its municipality.
El Chico Café first opened in 1940. The chain is owned by CRO, which operates eight restaurant brands. CRO is headquartered in Dallas, Texas, and serves over 14 million meals a year with more than 100 restaurant locations worldwide.
Under the master lease, the portfolio pays annual rent of $643,652 per year with 1.5% annual increases through the nine years remaining on the initial term. The four sites span Texas, Oklahoma, and Arkansas, and each location is described as being in a major retail corridor and along heavily-trafficked highways and intersections within its municipality.
El Chico Café first opened in 1940. The chain is owned by CRO, which operates eight restaurant brands. CRO is headquartered in Dallas, Texas, and serves over 14 million meals a year with more than 100 restaurant locations worldwide.
Key Highlights
- Portfolio of four fee‑simple El Chico Caf9 restaurants in Texas, Oklahoma, and Arkansas.
- Single CRO‑guaranteed master lease covering all four locations.
- Master lease annual rent is $643,652 per year with 1.5% annual increases for the nine years remaining on the initial term.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 16%
Cenex
Shops & Services
3,417 visits/mo
0.2 miles
Krispy Krunchy Chicken
Dining
649 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Four fee-simple El Chico Café restaurants are offered under a CRO-guaranteed master lease with scheduled annual rent increases.
Where is this conventional restaurant located?
The property is located at 2815 US Highway 75 Independence, KS.
What are key features of this property?
This property features: Portfolio of four fee‑simple El Chico Caf9 restaurants in Texas, Oklahoma, and Arkansas.; Single CRO‑guaranteed master lease covering all four locations.; Master lease annual rent is $643,652 per year with 1.5% annual increases for the nine years remaining on the initial term.
