4422 Collins St, Arlington, TX 76018
Exceptional investment opportunity: a brand-new, 2,325 square foot Chipotle restaurant featuring a Chipotlane drive-thru in Arlington, Texas. This single-tenant, absolute NNN net lease boasts a 15-year term commencing October 1, 2024, and includes four 5-year renewal options. The property sits on a 0.99-acre lot at 4422 S Collins St, 76018, benefiting from high visibility on a major thoroughfare with over 29,400 vehicles passing daily and proximity to Interstate 20 (172,500+ VPD). Built in 2024, this location is the first Chipotlane in Arlington, a prototype known for approximately 15% higher sales than traditional Chipotle restaurants. The property offers a 4.50% cap rate with a strong NOI of $158,000 and rent bumps of 10% every five years, ensuring consistent income growth. The area boasts exceptional demographics, including over 343,000 people and an average household income exceeding $102,000 within a 5-mile radius, further supported by a large workforce and student population. This investment is backed by a corporate guarantee and enjoys 100% occupancy. The asking price is $3,512,000, translating to $1,510.54 per square foot. Arlington's thriving economy, anchored by AT&T Stadium and Globe Life Field, provides a robust and stable market for this exceptional investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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