Chipotle | Houston MSA | New 15-Year Abs NNN Lease
Close Access to Highway 146 (71,411 VPD) | Near 2,000 Student High School
Marketing description
New 15-year absolute NNN lease to Chipotle, a leading fast-casual restaurant brand with 3,700+ locations, strong financial performance, and national recognition.
10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.
Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
In Q1 2025, Chipotle reported total revenue of $2.9 billion, marking a 6.4% year over year increase, primarily driven by aggressive restaurant expansion (57 new company owned units, including 48 with “Chipotlane” drive-thrus).
Minutes from NASA’s Johnson Space Center (JSC), which manages more than $4 billion annually in aerospace contracts and has a workforce of about 3,200 civil servants and over 11,000 contractors.
Close proximity to the Houston Port Authority - the busiest port in the US by tonnage, with a total 2024 economic impact of $906B.
Excellent visibility along W Fairmont Parkway, with access to more than 37,000 vehicles per day directly in front of the property.
W Fairmont Parkway provides immediate access to Highway 146 (71,411 AADT), which in turn connects to Highway 225 (90,659 AADT) just north of the property.
The property is ideally located near major industrial employers such as LyondellBasell (800+ employees), ExxonMobil (400+ employees), and the Port of Houston (the busiest port in the U.S. in terms of tonnage).
This Chipotle has beneficial proximity to many well-attended schools, including San Jacinto College: Central Campus (15,000+ students), La Porte High School (2,079 students), Lomax Elementary School (535 students), and Lomax Junior High School (515 students)
Investment highlights
- The property is strategically located at the hard corner of Highway 146 Frontage and W Fairmont Parkway, with excellent visibility and access to 37,000 vehicles per day directly in front of the property.
- W Fairmont Parkway provides immediate access to Highway 146 (71,411 AADT), which in turn connects to Highway 225 (90,659 AADT) just north of the property.
- Additionally, the property is supported by an affluent customer base, with an average household income of $135,889 within a three-mile radius.
- Positioned along the area’s major retail corridor, the property is near several notable retailers, including Kroger, Starbucks, AT&T, Anytime Fitness, Denny’s, and many others.
- The property is ideally located near major industrial employers such as LyondellBasell (800+ employees), ExxonMobil (400+ employees), and the Port of Houston (the busiest port in the U.S. in terms of tonnage).
- This Chipotle has beneficial proximity to San Jacinto College: Central Campus (15,000+ students) as well as many La Porte Independent School District schools, including La Porte High School (2,079 students), Lomax Elementary School (535 students), and Lomax Junior High School (515 students).
- The property is also less than 10 miles from NASA’s Johnson Space Center, which has a workforce of about 3,200 civil servants—including 110 astronauts—and over 11,000 contractors.
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