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Chipotle - Richmond, TX
7111 FM 1464, Richmond, TX 77407
Available Now
$3,148,577
45 views
1 / 2
FOR SALERetail / Fast Food
Cap Rate
4.85%
NOI
$152,706
Building Size
2,463SF
Lot Size
1.03ac
Year Built
2024
Occupancy
100%
Listing Contacts
More property details
Tenancy
Single Tenant
Currently Leased
No
Investment
Net Lease
Location
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Chipotle - Richmond, TX
About the location
Sands Investment Group is pleased to exclusively present the 2,463 SF Chipotle at 7111 FM 1464, Richmond, TX, for sale. This property is a brand-new 2024 construction with 10% rent increases every five years, offering consistent income growth, a hedge against inflation, and a secure, long-term investment.
Location highlights
- New Construction: Brand-new 2024 building with a 20-year roof warranty.
- Lease Terms: 15-year corporate lease to Chipotle Mexican Grill, Inc., with over 13 years remaining.
- Income Growth: 10% rent increases every five years, providing reliable income and a hedge against inflation.
- Corporate Strength: Chipotle (NYSE: CMG) is a leading fast-casual restaurant company with a $57B market cap.
- Prime Location: High-visibility signalized corner on FM 1464 in the fast-growing Richmond submarket of the Houston MSA; includes drive-thru access.
- Retail Surroundings: Adjacent to major retailers including Kroger, Chick-fil-A, Starbucks, and McDonald’s within the 70,000 SF Bellaire Crossing Shopping Center.
- Market Fundamentals: Houston Metro is one of the fastest-growing U.S. markets with strong economic fundamentals.
- Nearby Demographics: Located next to Bush High School, serving 2,300 students.