Chili’s Restaurant

Average Sale and Lease Details

Price Range 12mo avg: $2.4M – $5.2M
$/sf 12mo avg: $682
CAP Rate 12mo avg: 5%
NOI average: $234870
Lease Terms: 20yrs
Typical Lease Type: NNN
Building Size avg: 5500 SF
Lot Size avg: 1.3+/- acres

About Chili’s Restaurant

Brinker International is one of the world’s leading casual dining restaurant companies. With more than 1,600 restaurants and over 100,000 Team Members in 31 countries and two territories. The company own, develop, operate and franchise the Chili’s Grill & Bar (“Chili’s”) and Maggiano’s Little Italy (“Maggiano’s”) restaurant brands. The Company was organized under the laws of the State of Delaware in September 1983 to succeed to the business operated by Chili’s, Inc., a Texas corporation, which was organized in August 1977. We completed the acquisition of Maggiano’s in August 1995.

Chili’s, a recognized leader in the Bar & Grill category of casual dining, has been operating restaurants for
over 40 years. Chili’s enjoys a global presence with locations in 31 countries and two U.S. territories. Whether
domestic or international, company-owned or franchised, Chili’s and its more than 100,000 team members are
dedicated to delivering fresh, high-quality food with a unique point of view, as well as dining experiences that
make people feel special. Historically, Chili’s menu has featured bold, kicked-up American favorites, and in
recent years we have expanded our menu to include more Fresh Mex and Fresh Tex offerings. However, casual
dining traffic has softened, and we believe the next generation of American consumers demand more quality and
focused expertise in their restaurant offerings. We are reinvesting in the core menu platforms that first
established Chili’s reputation more than 40 years ago. These include burgers, ribs and fajitas, as well as our
famous margaritas. We are reinvesting in each of these platforms for a new generation of guests. We believe our
focused menu will allow Chili’s to differentiate our food from other restaurants.

We also believe that guests are evolving not only their standards of quality but also their expectations of
convenience. Chili’s to-go menu is available on-line, by calling the restaurant, or through our new mobile app,
and in the spring of 2017, we began offering “call ahead carryout” through an app in all our company-owned
restaurants. In recent years, we also pioneered the use of tabletop devices inside the restaurants, which allow
guests to order and re-order menu items, enjoy entertainment and assert more control over their dining
experience by paying through the tabletop device when they choose.

During the fiscal year ended June 28, 2017, at our company-owned restaurants, entrée selections ranged in
menu price from $6.00 to $18.99. The average revenue per meal, including alcoholic beverages, was
approximately $15.26 per person. During this same year, food and non-alcoholic beverage sales constituted
approximately 85.9% of Chili’s total restaurant revenues, with alcoholic beverage sales accounting for the
remaining 14.1%. Our average annual sales volume per company-owned Chili’s restaurant during this same year
was $2.9 million.



Annual Reports

Chili’s Restaurant Financial Highlights

S&P Credit Rating: BBB-
Moody’s Credit Rating: Baa3
Annual Revenue 2016: $3.26B
Annual Revenue 2015: $3B
Revenue Growth: 8.15 2015
Net Income $201M
Units (June 2017) 1622
Average Units Volume: $1.95M

Average Units Volume is calculated on a combined total of Chili’s and Maggiano’s units (1674).

Recent Closings for Chili’s Restaurant and Similar Tenants

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