27645 YNEZ RD Temecula CA 92591-4624

The lease structure is a triple net (NNN) ground lease, with zero landlord responsibility.  

There are five (5.0) years remaining on the lease term. 

Chili’s exercised their final option period ahead of schedule, reflecting their commitment to the location. This option went into effect March 2018.

The lease is guaranteed by Brinker International, Inc. (NYSE: EAT). Brinker International owns, operates, or franchises more than 1,600 restaurants in 31 countries. 

Chili’s has been operating at this location since 1992, and has a strong sales volume. 

There are 162,468 residents located in the five (5) mile demographic ring, and this area is projected to experience annual growth of 1.39% over the next five (5) years. 

The average household income in the five (5) mile demographic ring is an affluent $99,708. 

Chili’s is located on Rancho California Rd. and Ynez Rd., which report combined traffic counts of 87,425 cars per day at this location. 

Chili’s is situated right off the I-15 freeway, which reports traffic counts of 161,000 cars per day. Chili’s is the closest restaurant to the freeway exit. 

The property is surrounded by significant big box retail, which helps drives traffic to the store. Surrounding properties include Vons, Michael’s, Target, Big Lots, Home Goods, and 24 Hour Fitness. 

Temecula is home to over 8.3 million square feet of retail space and 82 retail centers.