Chipotle NNN Restaurant
New
For Sale
$3,632,000
500 W Stan Schlueter Loop, Killeen, TX 76549
Absolute NNN ground lease with a Chipotlane drive-through and no landlord responsibilities.
Property Size2,325 SF
Days on Market1
Property Features for 500 W Stan Schlueter Loop
General Information
Standard status
Active
Size
2,325 SF
Property subtype
Retail
Zoning
B-5
Site & Location
Drive-Thru
Yes
Traffic Count
51,800 vehicles/day
Building Details
Building Size
2,325 SF
Year Built
2026
Listed By:
Jake Prater
(949) 903-8099
Source:
Srsre
Added: Sep 19
Last Checked: Sep 19 at 5:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jake Prater
Investment Insights
Based on property information with market context.
This fee-simple property includes the land and building leased to Chipotle under an absolute NNN ground lease. The restaurant includes a Chipotlane drive-through lane and is scheduled for completion in 2026. The lease provides a 15-year initial term, four 5-year extension options, and 10% rent increases every 5 years during the initial term and at each option commencement.
The property is part of The Shops at Killeen, a newly developed shopping center with Chick-fil-A, Murphy USA, Whataburger, and Black Rock Coffee. It is positioned near the signalized hard corner of W. Stan Schlueter Loop and Highway 195, where combined traffic is reported at 51,800 VPD. The surrounding retail corridor includes Walmart Supercenter, ALDI, Lowe’s, Tractor Supply Co., Hobby Lobby, Starbucks, McDonald’s, and other national and credit tenants.
The property is part of The Shops at Killeen, a newly developed shopping center with Chick-fil-A, Murphy USA, Whataburger, and Black Rock Coffee. It is positioned near the signalized hard corner of W. Stan Schlueter Loop and Highway 195, where combined traffic is reported at 51,800 VPD. The surrounding retail corridor includes Walmart Supercenter, ALDI, Lowe’s, Tractor Supply Co., Hobby Lobby, Starbucks, McDonald’s, and other national and credit tenants.
Key Highlights
- Chipotle lease has a 15‑year initial term with 4 (5‑year) extension options
- Absolute NNN ground lease with no landlord responsibilities
- 10% rental increases every 5 years during the initial term and at each option period
Property Analytics
Current Use
Lease Details
51,800 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 76549, TX
56,199
Population
21,794
Households
2.6
Avg Household Size
29
Median Age
23%
College-Educated
95%
High-School Grad
94.1 sq mi
ZIP Area
597
Density / Sq Mi
$62,536
Median Household Income
$36,340
Median Earnings
$1,363
Median Rent
$202,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN ground lease with a Chipotlane drive-through and no landlord responsibilities.
Where is this nnn property located?
The property is located at 500 W Stan Schlueter Loop Killeen, TX.
What is the asking price?
The asking price for this property is $3,632,000.
What are key features of this property?
This property features: Chipotle lease has a 15‑year initial term with 4 (5‑year) extension options; Absolute NNN ground lease with no landlord responsibilities; 10% rental increases every 5 years during the initial term and at each option period
