Available For Sale - Retail

9,412 SF | Show Pricing $

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LISTED BY

Brenna Leach
Colliers , 713-830-2130
Vaughan Ford
Colliers International, 713-830-2117

AVAILABILITY DETAILS

Size
9,412 SF
Price/SF
Show Pricing $
Listing ID
SA541317
Notes
Two single tenant Net Lease Investment properties



PNC Bank is located on a pad site in front of Riverstone Town Centre anchored by Target, Home Depot, Kohl’s Hobby Lobby, Office Depot, and numerous other national retailers. PNC recently exercised a 5-year renewal of the lease term, with three

additional 5-year option periods. PNC Bank was founded in 1922 and as of the end of 2023 operated 2,945 bank branches in 37 states. PNC has a national credit rating of A by Moody’s S&P.





Chili’s Grill & Bar has been at the Northwest Freeway location since 2000 and is expected to exercise their 4th 5-year term lease renewal option term which commences March 1, 2025. With only one 5-year term remaining after the 4th renewal term is exercised, there is substantial upside to increase net income in the future. Brinker International has over 40 years of operating experience with the Chili’s brand with more than 1600 locations in 29 countries.



Access Flyer https://texas.colliers.com/pnc-b...
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Brenna Leach, Colliers