Listed by Secure Net Lease
$3,550,000
Chipotle Mexican Grill
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,329
Cap Rate 5%
NOI $177,500
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Chipotle
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 04/02/2041
Remaining Term 14.7
Rent Bumps Yes
Lease Options (4) 5-Year Renewal Options
Price per SqFt $1,524
Year Built 2026
Buildings 1
Stories 1
Acreage 0.530
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/02/2026
5.00% CAP | Prime Corner Location | Investment-Grade Tenant
Marketing description
- Projected Rent Commencement: April 2, 2026 (Estimated)
- Brand-New 15-Year Absolute NNN Lease With (4) 5-Year Options and 10% Rent Increases Every Five Years
- Excellent Visibility & Access | Located along TX-191 (37,401+ VPD), Just North of Interstate 20 (74,098+ VPD) | $424 million TxDOT Highway Expansion Project Underway through 2026
- 2 Mi. from University of Texas Permian Basin (~6k+ Students) | 4 Mi. from Midland International Airport (700k+ Passengers/Yr) | 4 Mi. from Permian Basin High School
- Economic Hub of the Permian Basin | Odessa Anchors America’s Top Oil and Gas Producing Region
Investment highlights
- Projected Store Opening: April 2, 2026 (Estimated)
- Brand New 15-Year Abs. NNN Lease with 10% rent increases every 5 years during the primary term and in the renewal options
- Prime Corner Location with Excellent Visibility & Access - Located along TX-191 (37,401+ VPD), just north of I-20 Business/2nd Street (32,522+ VPD) and Interstate 20 (74,098+ VPD), a major corridor connecting Odessa to Midland and the broader Dallas–Fort Worth metroplex. Surrounded by national retailers including Starbucks, McDonald's, Chick-fil-A, Dutch Bros, Tractor Supply, & more, benefiting from consistent traffic and regional exposure.
- Robust Infrastructure & Regional Connectivity - The property benefits from close proximity to I-20, a key west-to-east transportation artery serving Midland, Odessa, and the Permian Basin. A $424 million TxDOT highway expansion project underway through 2026 will enhance frontage roads, add travel lanes, and improve traffic flow—driving long-term accessibility and property value growth.
- Proximity to Major Employers & Demand Drivers - 2 miles from The University of Texas Permian Basin (~6,000+ students), 4 miles from Midland International Airport (700,000+ annual passengers), 4 miles from Permian Basin High School, & close to Ector County Coliseum, Odessa’s main event venue for concerts, rodeos, and fairs, all generating regular community and visitor traffic.
- Economic Hub of the Permian Basin - Odessa anchors America’s top oil and gas producing region, with a 2025 population of 124,400 and a median household income of $73,030. Diversified economy supported by major employers such as Saulsbury Companies, Halliburton, Medical Center Hospital, and UT Permian Basin. The city continues to grow through strong manufacturing, logistics, healthcare, and education sectors, ensuring sustained local demand.
- Investment-Grade Tenant with Proven Success – Chipotle Mexican Grill (NYSE: CMG) is a high-credit, publicly traded tenant with $11.3 billion+ in annual revenue, over 3,900 locations nationwide, and an expanding digital and drive-thru presence, ensuring long-term stability and performance."
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$177,500.00
$14,791.67/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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