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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

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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

Burn Boot Camp
Dutch Bros
Chili's Grill & Bar
Kroger
Starbucks
H-E-B
PNC Bank
McAlister's
First Watch
MOD Pizza

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0313-01-01500
Land Assessment
$703,694
Improvements Assessment
$0
Total Assessment
$703,694
  • Listing ID: 36684855

  • Date on Market: 7/10/2025

  • Last Updated:

  • Address: 12700 Interstate 45 N, Willis, TX 77378

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