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.
Description
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.
Property Documents
Chipotle (Houston MSA) - Richmond, TX Brochure.pdf
3.19 MB
Listing Details
- Cap Rate
4.85%
- Tenancy
Single
- Space Type
Retail
- Sub Category
Fast Food/QSR
- Date Listed
10/24/2025
- Investment Type
Net Lease
- Net Operating Income
$152,706
Property Specifics
- Property Name
Chipotle - Richmond, TX
- Year Built
2024
- Building Size
2,463 SF
- Lot Size
1.03 Ac
- Occupancy
100%