Chili's - Caulmet City, IL
Retail | 7.65% CAP | 6,031 SqFt
Marketing description
Marcus & Millichap is pleased to present for sale this Chili’s Restaurant located at 1580 Torrence Avenue in Calumet City, Illinois. This Chili’s has operated at this location for over 15 years and has a 6,031 square foot building on a 1.38 Acre Lot. This Chili’s was recently renovated in 2021 to the new Chili’s prototype. Calumet City has a growing population of 36,033 and is located just 22 miles south of downtown Chicago. This city is conveniently located near the major transportation routes of Interstates 94 and 80.
This Chili’s restaurant is conveniently located as an outparcel to a top-performing Home Depot anchored shopping center and shows consistent foot traffic to the restaurant. It is also surrounded by national tenants such as ALDI, Sam’s Club, Chase Bank, Dunkin Donuts, Burger King and Dollar Tree.
Numerous apartment complexes surround this Chili’s Restaurant including Lansing Riverwood, Superior Oak, Southmoore Apartments, Harrison Apartments, Douglas Pointe Apartments, Garden House of River Oaks Apartments and Regal Apartments.
Colleges and universities nearby include Indiana Tech (4,384 Enrolled Students), Jeremi College (454 Enrolled Students), Purdue University Northwest (9,807 Enrolled Students), Ivy Tech (198,000 Annual Students), and South Suburban College (11,317 Enrolled Students).
Hospitals nearby include UChicago Medicine at Ingalls, St. James Physician Hospital, and Hospital De Pulmon.
Shopping centers nearby this Chili’s include The Landings, River Oaks Center, Lansing Square, Lan Ridge Plaza, River Oaks West Shopping Center, Calumet Center, Harrison Ridge Mall, Gateway Promenade and Harrison Ridge Mall.
Chili’s was founded in 1975 by Larry Lavine and is headquartered in Dallas, Texas. It has over 10,001 employees and 1,600 restaurants in 30 countries and two U.S. territories. The company is now a subsidiary of Brinker International which owns other restaurant brands such as Maggiano’s Little Italy and On The Border Mexican Grill & Cantina.
Investment highlights
■ Corporate Guarantee | Brinker International (1,600+ Locations)
■ Absolute NNN Lease | Zero Landlord Responsibilities
■ Adjacent to UChicago Medicine | Ingalls Memorial Hospital
■ Annual Rental Increases
■ Restaurant Renovated in 2021
■ 22 Miles from Downtown Chicago
■ Located as an Outparcel to a Top-Performing Home Depot Anchored Shopping Center with Heavy Foot Traffic
■ Surrounded by National Tenants | ALDI, Sam’s Club, Dunkin Donuts, Burger King, Dollar Tree, Chase Bank, and others
■ Numerous Apartment Complexes Surround this Chili’s Including Lansing Riverwood, Superior Oak, Southmoore Apartments, Harrison Apartments, Douglas Pointe Apartments and Regal Apartments
■ Colleges and Universities Nearby Include Indiana Tech (4,384 Enrolled Students), Purdue University Northwest (9,807 Enrolled Students), Ivy Tech (198,000 Annual Students), and South Suburban College (11,317 Enrolled Students)
■ Hospitals Nearby Include UChicago Medicine at Ingalls, St. James Physician Hospital, and Hospital De Pulmon
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