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100% Leased Center + Freestanding Chipotle 4145 Gessner Rd 15,000 SF 100% Leased Retail Building Houston, TX 77080 $15,363,055 CAD ($1,024.20 CAD/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Trophy Asset in Houston | Newly constructed (2023 & 2025) 6-suite retail center plus freestanding Chipotle drive-thru, totaling ±20,553 SF.
- Stable Cash Flow | Annual Revenue of $687,253 secured by NNN leases with minimal landlord responsibilities.
- Houston Market Strength | Houston is the #1 leasing submarket in the nation, supported by steady population growth (278K within 5 miles).
- 100% Leased with Strong Tenant Mix | Anchored by Chipotle Mexican Grill, complemented by The UPS Store, Marco’s Pizza, Juarez Mexican Restaurant, Tom
- Prime Location with High Traffic Counts | Positioned along Gessner Road (+15,334 VPD).
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed ±20,553-square-foot retail center and freestanding Chipotle drive-thru at 4145 Gessner Road in Houston, Texas. Constructed in 2023 (retail center) and 2025 (Chipotle), the property is 100% leased to a diverse mix of national and regional tenants including Chipotle Mexican Grill, The UPS Store, Marco’s Pizza, Juarez Mexican Restaurant, Tom n Tom’s Coffee, Logos Dental, and Behavioral Innovations. An incoming Andy’s Frozen Custard (not a part of the opportunity) further enhances the tenant lineup and long-term value of the site.
The property will generate annual revenue of $687,253, secured by NNN leases with minimal landlord responsibilities limited to roof and structure (Buyer to verify). Anchored by Chipotle with a long-term lease through 2040, the center benefits from a weighted average lease term of approximately eight (8) years, providing investors with stable and predictable cash flow.
Strategically positioned along Gessner Road, a major north-south arterial with ±15,334 vehicles per day, the site offers excellent visibility and access. The surrounding trade area features dense residential neighborhoods, schools, and major employment centers, with over 278,000 residents and an average household income exceeding $138,000 within five miles. The property is also proximate to significant new developments, including mixed-use projects and multifamily communities, underscoring the area’s strong growth trajectory.
The property will generate annual revenue of $687,253, secured by NNN leases with minimal landlord responsibilities limited to roof and structure (Buyer to verify). Anchored by Chipotle with a long-term lease through 2040, the center benefits from a weighted average lease term of approximately eight (8) years, providing investors with stable and predictable cash flow.
Strategically positioned along Gessner Road, a major north-south arterial with ±15,334 vehicles per day, the site offers excellent visibility and access. The surrounding trade area features dense residential neighborhoods, schools, and major employment centers, with over 278,000 residents and an average household income exceeding $138,000 within five miles. The property is also proximate to significant new developments, including mixed-use projects and multifamily communities, underscoring the area’s strong growth trajectory.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
15,000 SF
Building Class
C
Year Built
2023
Price
$15,363,055 CAD
Price Per SF
$1,024.20 CAD
Cap Rate
6.15%
NOI
$944,828 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
8.37 AC
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1213720060003 | Improvements Assessment | $3,955,486 CAD |
| Land Assessment | $2,454,088 CAD | Total Assessment | $6,409,574 CAD |
PROPERTY TAXES
Parcel Number
1213720060003
Land Assessment
$2,454,088 CAD
Improvements Assessment
$3,955,486 CAD
Total Assessment
$6,409,574 CAD
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100% Leased Center + Freestanding Chipotle | 4145 Gessner Rd
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