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Chili's Grill & Bar 12700 Interstate 45 N 5,136 SF Retail Building Willis, TX 77378 $2,710,000 ($527.65/SF) 5.35% Cap Rate



INVESTMENT HIGHLIGHTS
- Brand New 10-Year NNN Ground Lease
- Within the Brand New 5.58-Acre 'Plazas at Willis' | Chipotle Mexican Grill, LightPoint Engineering, LLC & a future outpad user.
- Affluent Demographics & Built-In Customer Base | Population of 18,311 and Average HH Income of $102,349 within 3-miles
- Excellent Access & Visibility Along I-45 (100,457 VPD)
- Surrounded by Retail Powerhouses | Willis Town Center (79,340 SF), Sam Houston Town Center (238,344 SF), The Market at Willis (200,000 SF+), etc.
- Houston-Pasadena-The Woodlands, TX MSA Advantage (MSA Population: 7.62M+)
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 10-year NNN Chili's Grill & Bar ground lease situated on 1.37 acres in Willis, Texas—part of the broader Houston-Pasadena- The Woodlands, TX MSA (Population: 7.62M+). Commenced in June 2025, the 5,136-square-foot Chili's features a 10% rent increase in year 6 and in each of the four, 5-year renewal options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,136 SF
Building Class
B
Year Built
2025
Price
$2,710,000
Price Per SF
$527.65
Cap Rate
5.35%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.37 AC
Opportunity Zone
Yes
Zoning
4
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0313-01-01500 | Improvements Assessment | $0 |
| Land Assessment | $703,694 | Total Assessment | $703,694 |
PROPERTY TAXES
Parcel Number
0313-01-01500
Land Assessment
$703,694
Improvements Assessment
$0
Total Assessment
$703,694
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Chili's Grill & Bar | 12700 Interstate 45 N
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