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Chipotle (Houston MSA) - Richmond, TX 7111 FM 1464 Rd 2,463 SF Retail Building Richmond, TX 77407 $3,148,577 ($1,278.35/SF) 4.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New 2024 Construction With a 20-Year Roof Warranty
- 10% Rent Increases Every 5 Years, Provides Reliable Income Growth, and Hedge Against Inflation
- Located in the Fast-Growing Richmond Submarket of the Houston MSA
- 15-Year Corporate Lease to Chipotle Mexican Grill, Inc. With Over 13 Years Remaining
- Corporate Lease to Chipotle Mexican Grill, Inc., The Leading Company in The Fast Casual Restaurant Space With a $57B market Cap (NYSE: CMG)
- High visibility on FM 1464, With Signalized Corner Access, Strong Traffic Counts, and a Drive-Thru
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,463 SF Chipotle Located at 7111 FM 1464 in Richmond, TX. This Deal Includes a Brand-New 2024 Construction With 10% Rent Increases Every 5 Years, Providing Reliable Income Growth and Hedge Against Inflation, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,463 SF
Building Class
B
Year Built
2024
Price
$3,148,577
Price Per SF
$1,278.35
Cap Rate
4.85%
NOI
$152,706
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
6.40 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0390-00-000-0625-907 | Improvements Assessment | $906,419 |
| Land Assessment | $1,499,904 | Total Assessment | $2,406,323 |
PROPERTY TAXES
Parcel Number
0390-00-000-0625-907
Land Assessment
$1,499,904
Improvements Assessment
$906,419
Total Assessment
$2,406,323
CONTACTS
-
Jordan Mulloy -
Baker Baine -
Zuhare Rizvon -
Carlos Arizpe -
Ethan Offenbecher -
Sands Investment Group Austin, LLC
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Chipotle (Houston MSA) - Richmond, TX | 7111 FM 1464 Rd
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