SOLDRetail
Marcus & Millichap Sells Chili's Grill & Bar In Beaumont, Texas For $Undisclosed Amount
110 I-10 Beaumont, TX 77707, USA
Building Size
5,429 SF
Asset Type
Retail
Closing
Jun 26, 2023
AI
Marcus & Millichap has sold Chili's Grill & Bar in Beaumont, Texas, a 5,429-square-foot retail property. The transaction took place on June 26, 2023, at 110 I-10 in the Beaumont market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 5,429
- Address: 110 I-10, Beaumont, Texas
- Market: Beaumont
The sale of Chili's Grill & Bar was facilitated by Blake Burnett and John Paine, representing Marcus & Millichap's Dallas office. They acted as brokers in this transaction.
Players
Texas Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93