Nick Motamedi Acquires Chili's Grill & Bar Property From Artemis Mallas In Houston For $4.75M
SOLD
Texas
See Similar DealsRetail4,755 SF
Sold 12/18/2025
SOLD
Nick Motamedi Acquires Chili's Grill & Bar Property From Artemis Mallas In Houston For $4.75M
2709 East Broadway Street
See Similar DealsRetail4,755 SF
Sold 12/18/2025
Summary
TEXAS
Asset Type:Retail
Total Square Footage:4,755 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 2709 East Broadway Street, Houston, featuring a total square footage of 4,755. It was listed exclusively as a Chili's Grill & Bar property, with the transaction occurring while only one year remained on the lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2709 East Broadway Street
- Market: Houston
- Asset Size: 4,755 SF
- Buyer: Nick Motamedi
- Seller: Artemis Mallas
- Broker: John Paine - Paine Restaurant Group - Marcus & Millichap
John Paine represented the seller in this transaction and successfully sourced the buyer within one week of the property being on the market, completing the deal at an aggressive cap rate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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