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Chipotle (Houston MSA) - Richmond, TX 7111 FM 1464 Rd 2,463 SF Retail Building Richmond, TX 77407 $4,305,773 CAD ($1,748.18 CAD/SF) 4.85% Cap Rate
Investment Highlights
- Brand-new 2024 construction with a 20-year roof warranty.
- 10% rent increases every five years provide reliable income growth and hedge against inflation.
- Located in the fast-growing Richmond submarket of the Houston MSA.
- 15-year corporate lease to Chipotle Mexican Grill, Inc., with over 13 years remaining.
- Corporate lease to Chipotle Mexican Grill, Inc., the leading company in the fast-casual restaurant space with a $57B market cap (NYSE: CMG).
- High visibility on FM 1464, with signalized corner access, strong traffic counts, and a drive-thru.
Executive Summary
includes a brand-new 2024 construction with 10% rent increases every five years, providing reliable income growth and a hedge against inflation, making this a stable long-term investment.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 2,463 SF
- $84.79 CAD
- Double Net
- Mar 2039
Chipotle Mexican Grill is a publicly traded fast-casual restaurant company headquartered in Newport Beach, California. Founded in 1993, the company focuses on serving customizable Mexican-inspired dishes prepared with fresh ingredients. Chipotle relocated its headquarters from Denver to Newport Beach in 2018, establishing its primary corporate offices at 610 Newport Center Drive, Suite 1300, where the executive team and administrative functions are based. The organization operates thousands of restaurant locations globally and remains known for its emphasis on sustainable sourcing and its “Food with Integrity” philosophy. Chipotle is listed on the New York Stock Exchange under the ticker symbol CMG and functions as a large enterprise within the restaurant industry. Over time, the company has expanded its operational capabilities through additional support centers across the United States. The headquarters in Newport Beach continues to oversee national operations, strategic planning, and brand development.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,463 SF | $84.79 CAD | Double Net | Mar 2039 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0390-00-000-0625-907 | Improvements Assessment | $1,239,283 CAD |
| Land Assessment | $2,050,714 CAD | Total Assessment | $3,289,997 CAD |
Property Taxes
Contacts
-
Jordan Mulloy -
Baker Baine -
Zuhare Rizvon -
Ethan Offenbecher -
Sands Investment Group Austin, LLC
Presented by
Chipotle (Houston MSA) - Richmond, TX | 7111 FM 1464 Rd
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