Chili's — Sale in Franklin, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Franklin, IN 46131

Photos

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Chili's — Sale in Franklin, IN, photo 3 of 3

Investment Figures

Cap rate
5.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 5,856-squarefoot Chili’s Grill & Bar casual-dining restaurant in which Brinker Restaurant Corporation, a subsidiary of publicly traded Brinker International Inc., has over four years remaining on its triple-net ground lease. The lease features four five-year renewal options with a 10 percent rent increase at the beginning of each option. On the 27,300+ AADT U.S. Route 31 retail corridor, Chili’s Grill & Bar sits on an outpad to Lowe’s, just north of a Walmart Supercenter and across from a Meijer supermarket. Chili’s is just south of manufacturers KYB, Caterpillar, Amcor Rigid Plastics and DualTech. The seat of Johnson County, Franklin is home to the Johnson County Fair, 651-employee Johnson Memorial Hospital and nearly 1,000-student Franklin College. Interstate 65 and U.S. Route 31 connect Franklin to Indianapolis; Greenwood, IN; and Columbus, IN. Founded in 1975, Brinker International Inc. operates full-service casual dining chains Chili’s Grill & Bar and Maggiano’s Little Italy, with 1,632 restaurants worldwide. Brinker reported the fifth consecutive year of Chili’s same-store sales growth at the end of 4Q FY26, with a 71 percent cumulative increase over that time. This property combines the security and ease of a corporately guaranteed triple-net ground lease with the long-term potential of a 1.56-acre outpad along the U.S. Route 31 retail corridor. Investment Highlights: • Over Four Years Remaining on Triple-Net Ground Lease • 10 Percent Rent Increase in Each of Four Five-Year Renewal Options • Generous 1.56-Acre Outpad in Lowe's-Anchored Retail Center Along Over 27,300 AADT U.S. Route 31 • Strong Local Manufacturing Economy With 700-Employee KYB, 298-Employee Caterpillar, 260-Employee NSK and 250-Employee Grayson • Located 25.7 Miles South of Downtown Indianapolis in the 2,205,695-Person Indianapolis-Carmel-Greenwood, IN, Metro Area • Corporately Guaranteed by Brinker International I

Market Context

This food service in Franklin, IN is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Franklin, IN — view the full market.

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