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1010 W Fairmont Pky
La Porte, TX 77571
Chipotle | La Porte, TX · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
- Close proximity to the Houston Port Authority - the busiest port in the US by tonnage, with a total 2024 economic impact of $906B
- 2025 construction built to the latest Chipotle prototype, featuring a Chipotlane drive-thru for additional customer convenience.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
- Excellent visibility along W Fairmont Parkway, with access to more than 37,000 vehicles per day directly in front of the property
- Texas as an income tax-free state
EXECUTIVE SUMMARY
The property is strategically located at the hard corner of Highway 146 Frontage and W Fairmont Parkway, with excellent visibility and access to 37,000 vehicles per day directly in front of the property. W Fairmont Parkway provides immediate access to Highway 146 (71,411 AADT), which in turn connects to Highway 225 (90,659 AADT) just north of the property. Additionally, the property is supported by an affluent customer base, with an average household income of $135,889 within a three-mile radius. Positioned along the area’s major retail corridor, the property is near several notable retailers, including Kroger, Starbucks, AT&T, Anytime Fitness, Denny’s, and many others. The property is ideally located near major industrial employers such as LyondellBasell (800+ employees), ExxonMobil (400+ employees), and the Port of Houston (the busiest port in the U.S. in terms of tonnage). This Chipotle has beneficial proximity to San Jacinto College: Central Campus (15,000+ students) as well as many La Porte Independent School District schools,
including La Porte High School (2,079 students), Lomax Elementary School (535 students), and Lomax Junior High School (515 students). The property is also less than 10 miles from NASA’s Johnson Space Center, which has a workforce of about 3,200 civil servants—including 110 astronauts—and over 11,000 contractors.
including La Porte High School (2,079 students), Lomax Elementary School (535 students), and Lomax Junior High School (515 students). The property is also less than 10 miles from NASA’s Johnson Space Center, which has a workforce of about 3,200 civil servants—including 110 astronauts—and over 11,000 contractors.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
C
Year Built
2025
Price
$3,540,000
Price Per SF
$1,522.58
Cap Rate
4.80%
NOI
$169,911
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
2.43 AC
Parking
25 Spaces (10.75 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0232520710001 | Improvements Assessment | $0 |
| Land Assessment | $1,500,015 | Total Assessment | $1,500,015 |
PROPERTY TAXES
Parcel Number
0232520710001
Land Assessment
$1,500,015
Improvements Assessment
$0
Total Assessment
$1,500,015
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