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BRAND NEW CHIPOTLE W/ DR-THRU | 15 YEAR LEASE 128 Cane Island Pky 2,325 SF Retail Building Katy, TX 77494 $5,113,146 CAD ($2,199.20 CAD/SF) 4.65% Cap Rate
Investment Highlights
- 15 Year Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Chipotle is one of the Largest Mexican Restaurant Chains in the U.S. in terms of Sales and Number of Locations.
- Katy is one of the Fastest-Growing Houston Suburbs, with Expanding Housing Developments, Schools, and Retail Centers Fueling Strong Population Growth.
- Brand New 2025 High Quality Construction featuring a Drive Thru Pick-Up Lane. Fee Simple Qualifying for Depreciation.
- Affluent Submarket with Strong Demographics and Double-Digit Population Growth - features an Average Household Income of $172k within a 1-Mile Radius.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Executive Summary
Chipotle Mexican Grill w/ Drive Thru | 15 Year Lease | Brand New 2025 Construction | Qualifies for Depreciation | Affluent Submarket w/ Strong Demographics | Immediate Area Experiencing Major Growth - Katy is one of the Fastest- Growing Houston Suburbs | Immediate Access to/from Interstate 10 | Near Katy Mills Mall - 1.3M+ Sq.Ft. Major Regional Shopping Center
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
C
Year Built
2025
Price
$5,113,146 CAD
Price Per SF
$2,199.20 CAD
Cap Rate
4.65%
NOI
$237,761 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.81 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Chipotle
- Retailer
- 2,325 SF
- -
- Triple Net
- Mar 2041
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Chipotle | Retailer | 2,325 SF | - | Triple Net | Mar 2041 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0369-00-007-0022-914 | Improvements Assessment | $0 CAD |
| Land Assessment | $12,142 CAD | Total Assessment | $12,142 CAD |
Property Taxes
Parcel Number
0369-00-007-0022-914
Land Assessment
$12,142 CAD
Improvements Assessment
$0 CAD
Total Assessment
$12,142 CAD
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BRAND NEW CHIPOTLE W/ DR-THRU | 15 YEAR LEASE | 128 Cane Island Pky
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