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BRAND NEW CHIPOTLE W/ DR-THRU | 15 YEAR NNN 128 Cane Island Pky 2,325 SF Retail Building Katy, TX 77494 $3,739,785 ($1,608.51/SF) 4.65% Cap Rate
INVESTMENT HIGHLIGHTS
- 15 Year NNN Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Chipotle is one of the Largest Mexican Restaurant Chains in the U.S. in terms of Sales and Number of Locations.
- Katy is one of the Fastest-Growing Houston Suburbs, with Expanding Housing Developments, Schools, and Retail Centers Fueling Strong Population Growth.
- Brand New 2025 High Quality Construction featuring a Drive Thru Pick-Up Lane. Fee Simple Qualifying for Depreciation.
- Affluent Submarket with Strong Demographics and Double-Digit Population Growth - features an Average Household Income of $172k within a 1-Mile Radius.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
EXECUTIVE SUMMARY
Chipotle Mexican Grill w/ Drive Thru | 15 Year NNN Lease | Brand New 2025 Construction | Qualifies for Depreciation | Affluent Submarket w/ Strong Demographics | Immediate Area Experiencing Major Growth - Katy is one of the Fastest- Growing Houston Suburbs | Immediate Access to/from Interstate 10 | Near Katy Mills Mall - 1.3M+ Sq.Ft. Major Regional Shopping Center
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
C
Year Built
2025
Price
$3,739,785
Price Per SF
$1,608.51
Cap Rate
4.65%
NOI
$173,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.81 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Chipotle
- Retailer
- 2,325 SF
- -
- Triple Net
- Mar 2041
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Chipotle | Retailer | 2,325 SF | - | Triple Net | Mar 2041 |
NEARBY MAJOR RETAILERS
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BRAND NEW CHIPOTLE W/ DR-THRU | 15 YEAR NNN | 128 Cane Island Pky
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