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Virtual Drive-By

Chili's Absolute NNN

491 N Randall Rd · Batavia, IL 60510 · QSR / Restaurant

Asking price
$1,800,000
Cap rate
5.55%
NOI
$99,825

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining7.4 yrs
Expiration12/2033
Rent bumpsYes
Options4 - 5 yr
Ground leaseYes
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF5,547
Price / SF$325
Year built1998
Lot size1.26 ac
TypePharmacy/Drug, QSR/Fast Food, Storefront
Days on market124

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Property overview

For More Information, Contact:

Chandler Dignam cdignam@anchorpointcapital.​com

Jacob Sparks jsparks@anchorpointcapital.​com

Excellent Single Tenant Investment Opportunity

  • 8 Years Remaining on Corporate Lease to Chili’s Grill & Bar

  • Guaranteed by Brinker International, Inc.​ (NYSE: EAT)

  • Absolute NNN Ground Lease with Zero Landlord Responsibilities

  • Long Term Operational History at this Location with Nearly 30 Years of Occupancy

  • 5% Rent Increase in Initial Term

  • Four Renewal Options with 10% Rental Increases at Each Option

Outstanding Location in Chicagoland MSA, IL

  • Outparcel to 137,000 SF Community Shopping Center

    • Center is Anchored by ALDI, Hobby Lobby, Harbor Freight, Office Max, KOHLS

    • 1.8 Million Annual Visits (Placer.​ai)

  • Located along Primary Retail Corridor with National Retailers Including; Target, Walmart, Home Depot, ALDI, Hobby Lobby, KOHL’S, Harbor Freight, Menards, Starbucks, Chick Fil A, Chipotle, Mattress Firm, Etc.​

  • At Entry Point to the New Winding Creek Residential Development

    • 165+ Newly Constructed Single-Family Homes

  • Affluent Suburb of Chicagoland MSA; Average Household Income Exceeds $150,000 within 3 Miles

  • High Traffic Counts along Randall Rd; 34,700+ Cars Per Day

  • Less than 45 Min Drive to Downtown Chicago

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

Register to view photography and request the offering memorandum

Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.