1831 Military Pkwy Mesquite, TX 75149
- Retail properties
- 2,325 SF
- 0.92 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1831 Military Pkwy
- Year built
- 2024
- Lot size
- 0.92 lot acres
- Property size
- 2,325 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a newly constructed (2024), 2,325 square foot Chipotle restaurant situated on a 0.92-acre lot in Mesquite, Texas, within the Dallas-Fort Worth MSA. The property boasts a 15-year absolute NNN lease commencing December 15, 2024, and expiring December 31, 2039, with built-in rent bumps every five years. The lease is backed by a corporate guarantee, minimizing landlord responsibilities and offering a passive income stream. The property features a "Chipotlane" drive-thru, enhancing customer convenience and sales potential. Located on a high-traffic section of Military Parkway, this Chipotle benefits from excellent visibility and accessibility. The site's proximity to West Mesquite High School, West Mesquite Middle School, Eastfield College, and Dallas Regional Medical Center ensures a consistent customer base. Furthermore, its adjacency to a Walmart Neighborhood Market and other dining establishments contributes to strong cross-shopping patterns. The surrounding area boasts a population exceeding 298,000 within a five-mile radius, supported by major employers like PepsiCo and UPS. This established market, combined with the long-term lease and built-in rent increases, makes this a compelling investment opportunity with a 4.50% cap rate and a net operating income (NOI) of $175,000. The asking price is $3,889,000. This offering is suitable for 1031 exchange transactions.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mesquite
- County
- Dallas
- State
- Texas
- Longitude
- -96.6259
- Latitude
- 32.7683
