CHILI’S - MatthewsChili’s Corporate • Corporately Back ed Lease - Chili’s operates...

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R E T A I L A D V I S O R SOFFERING MEMORANDUM

CHILI’S 1035 KENNEDY RD, WINDSOR, CT 06095

Matthews Retail Advisors

CONFIDENTIALITY & DISCLAIMER STATEMENT

This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of Chili’s located at 1035 Kennedy Rd, Windsor, CT 06095 (“Property”) . I t has been prepared by Matthews Retai l Advisors . This Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. The informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the Property. I t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of Sel ler or Matthews Retai l Advisors . The mater ia l is based in part upon informat ion suppl ied by the Sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Offer ing Memorandum or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. Prospect ive purchasers should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.

By acknowledging your receipt of th is Offer ing Memorandum for the Property, you agree:

1 . The Offer ing Memorandum and i ts contents are conf ident ia l ;

2 . You wi l l hold i t and treat i t in the str ictest of conf idence; and

3. You wi l l not , d i rect ly or indirect ly, d isclose or permit anyone else to disclose this Offer ing Memorandum or i ts contents in any fashion or manner detr imental to the interest of the Sel ler.

Owner and Matthews Retai l Advisors expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to purchase the Property and to terminate discussions with any person or ent i ty reviewing this Offer ing Memorandum or making an of fer to purchase the Property unless and unt i l a wr i t ten agreement for the purchase and sale of the Property has been ful ly executed and del ivered.

I f you wish not to pursue negot iat ions leading to the acquis i t ion of the Property or in the future you discont inue such negot iat ions, then you agree to purge al l mater ia ls relat ing to th is Property including this Offer ing Memorandum.

A prospect ive purchaser ’s sole and exclusive r ights with respect to th is prospect ive t ransact ion, the Property, or informat ion provided herein or in connect ion with the sale of the Property shal l be l imited to those expressly provided in an executed Purchase Agreement and shal l be subject to the terms thereof. In no event shal l a prospect ive purchaser have any other c la ims against Sel ler or Matthews Retai l Advisors or any of their af f i l iates or any of their respect ive of f icers , Directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing or sale of the Property.

This Offer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the Property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Property s ince the date this Offer ing Memorandum.

EXCLUSIVELY LISTED BY:

Table of ContentsPRICING & FINANCIAL ANALYSIS

Investment Overview ..................................................................... 2Executive Summary.........................................................................3Company Overview .......................................................................4

PROPERTY DESCRIPTIONPhysical Description .......................................................................7Site Plan ............................................................................................ 8Bird’s Eye .......................................................................................... 9Regional Map ..................................................................................10Tenant Map....................................................................................... 11

DEMOGRAPHICSCity Overview | Windsor, CT ....................................................... 13Demographics Report .................................................................. 14

Gary ChouVice President & Director STNL DIRECT +1.310.919.5827 MOBILE +1.714.928.8016 [email protected] License No. 01911222

Steve MillerBroker of Record License No. 400375

Kevin ChangAssociate DIRECT +1.310.919.5828 MOBILE [email protected] License No. 01976724

Chuck EvansAssociate DIRECT +1.310.919.5841 MOBILE +1.925.323.2263 [email protected] License No. 01963473

Matthews Retail Advisors

™

Pricing & Financial Analysis

OFFERING MEMORANDUM | Chili’sP. 2 Matthews Retail Advisors

PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS


Investment Overview• Recently Extended Lease! - Shows long term commitment from

Chili’s Corporate

• Corporately Backed Lease - Chili’s operates approximately 1,600

locations in over 30 international countries with proven market

presence

• Ground Lease Ownership – There are 11+ years remaining on

the ground lease and characteristics add an extra level of secu-

rity as tenant has the ability to depreciate the building

• Ideal for Out-Of-State Investors – This is an absolute NNN lease

with zero landlord responsibilities

• Strong Retail Location – Chili’s is outparceled to Target and oth-

er nearby national tenants include Petco, Dollar Tree, Famous

Footwear, GameStop, and Great Clips amongst others

• Affluential Demographics – Operations at this site greatly bene-

fit from the strong household incomes in a 3,5 and 10 mile radius

with over $95,000 in a 3-mile, over $93,000 in a 5-mile and over

$84,000 in a 10-mile

• Excellent Traffic Counts – Located off a major retail exit off Inter-

state 91, Chili’s benefits from over 132,000 cars per day

Matthews Retail Advisors P. 3Chili’s | OFFERING MEMORANDUM



Executive Summary

CHILI’S1035 KENNEDY RD WINDSOR, CT 06095

List Price ...........................................................................................$2,750,000CAP Rate - Current ...................................................................................5.00%Gross Leasable Area ......................................................................... 6,069 SFLot Size ........................................................................ 1.69 Acres (72,745 SF)Year Built .......................................................................................................2007

Annualized Operating DataMonthly Rent Annual Rent Rent/SF CAP Rate

Current - 4/30/2027 $11,458.33 $137,500.00 $9.36 5.00%

Option 1: 5/1/2027 - 4/30/2032 $11,458.33 $137,500.00 $9.36 5.00%

Option 2: 5/1/2032 - 4/30/2037 $12,604.17 $151,250.00 $10.29 5.50%

Option 3: 5/1/2037 - 4/30/2042 $13,864.58 $166,375.00 $11.32 6.05%

Option 4: 5/1/2042 - 4/30/2047 $15,251.04 $183,012.50 $12.45 6.66%

Tenant Summary

Tenant Trade Name Chili's

Type of Ownership Ground Lease

Lease Guarantor Corporate

Lease Type NNN

Roof and Structure Tenant Responsible

Lease Expiration Date 4/30/2027

Term Remaining 11.08

Increases 10% Increases In Options, except 1st Option

Options Four (4), 5-Year Options




Company Overview

Property Name Chili’s

Property Type Casual Dining

Parent Company Trade Name Brinker International, INC

Ownership Public

Revenue 3,002,278,000

Net Income 196,694,000

Stock Symbol EAT

Board NYSE

No. of Locations + 1,600

No. of Employees + 100,000

Headquartered Dallas, TX

Web Site www.chilis.com

Year Founded 1975

Dallas-based Brinker International, Inc. traces its roots back to 1975, when Chili’s® Grill & Bar first opened its doors in Dallas, Texas. Chili’s started as a neighborhood-style restaurant that served quality homemade food in a casual atmosphere. Sales grew quickly and additional restaurants flourished. In 1983, Chili’s, Inc. attracted the attention of Norman Brinker, one of the restaurant industry’s preeminent leaders. In 1991, under his leadership, the name was changed to Brinker International, Inc. and the company went public and global.

With more than 1,600 restaurants and 100,000 team members, Chili’s is one of the world’s leading casual dining brands. Ev-ery day, they welcome more than a million guests to their res-taurants in dozens of countries. Their teams, like their guests, represent a broad range of cultures, each bringing their own ideas, insights and experiences to the table. They’re driven by integrity, teamwork, passion and an unwavering commitment to making sure every guest has an exceptional dining experience.

Property Description



Physical Description

THE OFFERING

Property Name ................................................................................................Chili’s

Property Address .....................................................................1035 Kennedy Rd

Windsor, CT 06095

Assessor’s Parcel Number ........................................WIND-000050-000466-001075

SITE DESCRIPTION

Number of Stories .............................................................................................One

Year Built ............................................................................................................2007

Gross Leasable Area (GLA) ....................................................................6,069 SF

Lot Size.............................................................................. 1.69 Acres (72,745 SF)

Type of Ownership ...............................................................................Fee Simple

Parking ..................................................................................... 70 Surface Spaces

Parking Ratio.................................................................................. 11.53 : 1,000 SF

Landscaping ........................................................................................Professional

Topography ................................................................................... Generally Level

CONSTRUCTION

Foundation .......................................................................................Concrete Slab

Framing .............................................................................................................Wood

Exterior ............................................................................................................... Brick

Parking Surface ............................................................................................Asphalt

Roof ........................................................................................................................Flat



Property LineSeparately Owned

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Future Development

Future PadOpportunity

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ASSET OVERVIEW • 8

Site Plan



Bird’s Eye

Interstate 91

CPD: +132,000

Kennedy Rd CPD

: +11,000



Regional Map



Tenant Map

Demographics


PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS

City Overview | Windsor, CT

Windsor is a town in Hartford County, on the northern border of Connecticut’s capital, Hartford. The city is home to approximately 30,000 residents. Windsor is a community rooted deeply in history, as it was settled in 1633 and was the first English settlement in the state of Connecticut. Windsor is a mix of corporate businesses and residential community.

The Day Hill Road area is known as Windsor’s business area. Top employers include The Hartford, ING, Alstom, Cigna, and the Town of Windsor. Other business centers include New England Tradeport, Kennedy Industry Park, and Kennedy Business Park, and the Addison Road Industrial Park.

Top Employers in Windsor

The Hartford 2,100

ING 1,835

Alstom 1,350

Cigna 900

Town of Windsor 809

Westinghouse Electric Company 700

Northeast Utilities 600

Konica Minolta 450

Walgreens 400

Permasteelisa 350



Demographics ReportPopulation 3-Mile 5-Mile 10-Mile2021 Projection 25,927 55,706 377,1612016 Estimate 25,861 55,505 374,7662010 Census 25,815 55,338 372,6902000 Census 24,870 52,315 357,694Growth 2016 - 2021 0.25% 0.36% 0.64%Growth 2010 - 2016 0.18% 0.30% 0.56%Growth 2000 - 2010 3.80% 5.78% 4.19%

Households2021 Projection 10,930 21,864 150,1302016 Estimate 10,874 21,720 148,7432010 Census 10,807 21,551 147,4182000 Census 10,020 20,126 139,173Growth 2016 - 2021 0.52% 0.66% 0.93%Growth 2010 - 2016 0.62% 0.78% 0.90%Growth 2000 - 2010 7.86% 7.08% 5.92%

Income$0 - $15,000 5.36% 5.95% 12.56%$15,000 - $24,999 6.48% 6.96% 9.37%$25,000 - $34,999 6.25% 6.17% 8.11%$35,000 - $49,999 10.93% 10.30% 11.28%$50,000 - $74,999 19.91% 19.05% 16.47%$75,000 - $99,999 15.96% 16.08% 13.01%$100,000 - $124,999 12.00% 12.51% 9.85%$125,000 - $149,999 8.21% 8.39% 6.23%$150,000 - $199,999 7.92% 8.19% 6.36%$200,000 - $249,999 2.84% 2.91% 2.47%$250,000 - $499,999 3.22% 2.75% 3.05%$500,000+ 0.92% 0.75% 1.23%2016 Est. Average Household Income $95,056 $93,545 $84,4562016 Est. Median Household Income $76,671 $77,454 $63,173

Matthews Retail Advisors | 841 Apollo Street, Suite 150 | El Segundo, CA 90245 | www.Matthews.com

CHILI’S1035 Kennedy RdWindsor, CT 06095OFFERING MEMORANDUM

Steve MillerBroker of Record License No. 400375

™

Gary ChouVice President & Director STNL DIRECT +1.310.919.5827 MOBILE +1.714.928.8016 [email protected] License No. 01911222

Kevin ChangAssociate DIRECT +1.310.919.5828 MOBILE [email protected] License No. 01976724

Chuck EvansAssociate DIRECT +1.310.919.5841 MOBILE +1.925.323.2263 [email protected] License No. 01963473

CHILI’S - MatthewsChili’s Corporate • Corporately Back ed Lease - Chili’s operates...

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