Chipotle at The Marketplace at SH 249
Retail | 4.00% CAP | 2,350 SF
Marketing description
Offered for sale is a 2,325-square-foot single-tenant net lease opportunity located at 12625 Tomball Parkway, Houston, Texas 77086. The net lease opportunity features a corporate-backed, 10-year commitment from Chipotle (NYSE: CMG), that features (4) 5-Year options with 10% rental increases every 5 years. Rent commenced in October of 2023, allowing an investor to take advantage of the entirety of the lease term.
Ideally set in a large retail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, Kroger, Jersey Mike’s, Starbucks, Smoothie King, Panda Express. Chick-fil-A, McDonald's, Whataburger, and many others.
This Chipotle has a high- visibility and easily accessible location near the signalized intersection of SH 249 and Antoine Dr.
Investment highlights
New 10-year absolute NNN lease with 10% rental increases every five years in initial term and option periods
The benefit of a bustling traffic count of more than 59,000 vehicles per day on Tomball Pkwy
Ideal investment for a passive investor backed by a strong corporate guarantee from a Fortune 500 Most Admired Company
Site features a rare Chipotlane drive-thru for added costumer convenience and significantly increased sales potential
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