Chipotle - Richmond, TX (Houston MSA)
Houston MSA | 5.10% CAP - Sub $3M | 2024 Construction | Corporate Guarantee
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 2,463 SF Chipotle located at 7111 FM 1464 in Richmond, TX. This deal includes a brand-new 2024 construction with 10% rent increases every 5 years, providing reliable income growth and a hedge against inflation, making this a stable long-term investment.
Investment highlights
Brand-new 2024 construction with a 20-year roof warranty.
15-year corporate lease to Chipotle Mexican Grill, Inc., with 13 years remaining.
10% rent increases every 5 years provide reliable income growth and hedge against inflation.
Corporate lease to Chipotle Mexican Grill, Inc., the leading company in the fast-casual restaurant space with a $57B market cap (NYSE: CMG).
Located in the fast-growing Richmond submarket of the Houston MSA.
High visibility on FM 1464, with signalized corner access, strong traffic counts, and a drive-thru.
Surrounded by major national retailers such as Kroger, Chick-fil-A, Starbucks, and McDonald’s.
Hard corner in 70,000 SF Bellaire Crossing Shopping Center.
The Houston metro is one of the fastest-growing major markets in the U.S., with strong economic fundamentals.
Located next to Bush High School with 2,300 students.
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