Log In/Sign Up
Your email has been sent.
7111 FM 1464 Rd
Richmond, TX 77407
Chipotle (Houston MSA) - Richmond, TX · Retail Property For Sale
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 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 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
$3,148,577
Price Per SF
$1,278.35
Cap Rate
4.85%
NOI
$152,706
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.03 AC
Amenities
- Signage
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
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
