El Chico Café Restaurant
2815 US Highway 75 Independence, KS 75090
2815 US Highway 75, Independence, KS, 75090
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For Sale
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Pending
Four fee-simple El Chico Café restaurants are offered under a CRO-guaranteed master lease with scheduled annual rent increases.
Days on Market104
Property Features for 2815 US Highway 75
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
Duwest Investment Services
Listed by
Will Walters · License #TX 596941
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 4:15AM Checked: Jul 22 at 4:15AM
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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
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
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.
