Log In/Sign Up
Your email has been sent.
BRAND NEW CHIPOTLE W/ DR-THRU | 15 YEAR LEASE 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 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 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
Property Taxes
| Parcel Number | 0369-00-007-0022-914 | Improvements Assessment | $0 |
| Land Assessment | $8,735 | Total Assessment | $8,735 |
Property Taxes
Parcel Number
0369-00-007-0022-914
Land Assessment
$8,735
Improvements Assessment
$0
Total Assessment
$8,735
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
BRAND NEW CHIPOTLE W/ DR-THRU | 15 YEAR LEASE | 128 Cane Island Pky
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.