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Chipotle (Houston MSA) - Richmond, TX 7111 FM 1464 Rd 2,463 SF Retail Building Richmond, TX 77407 $2,994,235 ($1,215.69/SF) 5.10% Cap Rate
Investment Highlights
- Brand-new 2024 construction with a 20-year roof warranty.
- 10% rent increases every five years provide 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 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 five years, providing reliable income growth and a hedge against inflation, making this a stable long-term investment.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
includes a brand-new 2024 construction with 10% rent increases every five years, providing reliable income growth and a hedge against inflation, making this a stable long-term investment.
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
$2,994,235
Price Per SF
$1,215.69
Cap Rate
5.10%
NOI
$152,706
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.03 AC
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 2,463 SF
- $62.00
- Double Net
- Mar 2039
Chipotle Mexican Grill began in 1993 when Steve Ells opened a restaurant in Denver, Colorado. The company focuses on burritos, tacos, bowls, and salads made with fresh ingredients. Customers can customize their orders while watching the food preparation. Chipotle operates thousands of locations internationally and emphasizes using real food without artificial additives. The chain has grown substantially since its founding and remains a major player in the fast-casual dining industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,463 SF | $62.00 | Double Net | Mar 2039 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
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 -
Ethan Offenbecher -
Sands Investment Group Austin, LLC
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Chipotle (Houston MSA) - Richmond, TX | 7111 FM 1464 Rd
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