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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
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
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 as a fast-casual restaurant chain built around burritos and tacos, and the business has grown into a broader Mexican-inspired menu that also includes bowls, quesadillas, and salads. Chipotle Mexican Grill owns and operates restaurants and supports digital ordering, delivery or pickup, catering, group ordering, rewards, and other guest-facing services through its consumer channels. Chipotle Mexican Grill's purpose centers on cultivating a better world, with values tied to real ingredients, responsible sourcing, and an employee culture built around respect and inclusion. The company continues to expand its restaurant footprint, and digital sales remain a meaningful part of revenue.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,463 SF | $62.00 | Double Net | Mar 2039 |
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
Contacts
-
Jordan Mulloy -
Baker Baine -
Zuhare Rizvon -
Ethan Offenbecher -
Sands Investment Group Austin, LLC
