Corporate Guaranty from Brinker International, Inc. (NYSE: EAT)
– Brinker International, Inc. (NYSE: EAT) is one of the world’s leading casual dining restaurant companies and home of Chili’s Grill & Bar and Maggiano’s Little Italy.
– Brinker owns, operates or franchises more than 1,600 restaurants in 29 countries and two U.S. territories.
– Brinker International Inc. was upgraded to BB+/Stable by S&P on continued outperformance and deleveraging; Issue-level rating raised; Outlook Stable (May 2025).
– Recent Highlights (Fiscal 2025 Third Quarter):
– Impressive Earnings Growth: Delivered 115% earnings growth to $2.66 per share.
– Strong Sales Increase: Sales rose 27% to over $1.42 billion.
Naked Lease with 3+ Years of Lease Term Remaining
– The naked lease offers a future landlord in the near term to potentially negotiate a long-term lease with the existing tenant or look for another tenant that would pay a premium rent in the marketplace.
Absolute NNN Ground Lease on Oversized Parcel (+/- 1.86 Acres)
– The absolute NNN nature of this ground lease makes this a completely passive ownership opportunity for a future landlord.
– Given this is a ground lease, if the tenant vacates at the end of the lease term the building will revert to the ground owner offering an opportunity for redevelopment or reuse.
Des Moines MSA – Largest Metro in the State of IA
– Home to 693,000 people, the Des Moines metro is the largest in the state of Iowa and consists of Dallas, Guthrie, Madison, Polk and Warren counties.
– The market is approximately 195 miles northeast of Kansas City, 245 miles south of Minneapolis and 330 miles west of Chicago.
– The population is expanding far quicker than the national average, with roughly 44,000 additional people expected over the next five years.
