Property summary
This exceptional investment opportunity presents a brand-new, 2,325-square-foot Chipotle Mexican Grill located in Willis, Texas, within the Houston MSA. Boasting a 15-year net lease with a strong 4.50% cap rate and a substantial $145,000 annual net operating income (NOI), this property offers significant long-term value. The lease commenced September 25, 2024, and includes four, five-year renewal options, each with approximately 10% rent increases. Situated on a 0.74-acre lot with 30 parking spaces, this location benefits from excellent visibility and accessibility along Interstate 45 North, a major thoroughfare. The property is part of a larger mixed-use development, further enhancing its value and potential for future growth. Built in 2024, this single-tenant building features a drive-thru lane ("Chipotlane"), catering to the increasing demand for convenient ordering and pickup. The property's strategic location in Willis, Texas, serves a significant population lacking nearby Chipotle locations, ensuring consistent customer traffic. The substantial rent bumps throughout the lease term provide a built-in hedge against inflation and guarantee a steadily increasing return on investment. This is a rare opportunity to acquire a high-performing, established brand in a rapidly growing market. The asking price is $3,200,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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