For sale to qualified investors is a below-market ground lease with Chili’s Grill & Bar in Corpus Christi, Texas. Situated on 2.2 acres of prime retail land at the entrance to The Home Depot, this investment provides a tenant with 20 years of longevity at this location plus incredible future upside potential. 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 exceptionally well at this location and has renewed the lease twice already. Rent-to-sales is extremely healthy at under 3% and with low in place rent of $90,676 per year ($15.53 psf), this is also an incredible value play as rents for similar freestanding buildings consistently exceed $35 psf in this area. Due to the combination of strong and growing sales and low rent at this location, Brinker paid percentage rent at this location for 2024. 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 prime 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.