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Chipotle 8151 Lakeview Pky 2,325 SF Retail Building Rowlett, TX 75088 $5,499,542 CAD ($2,365.39 CAD/SF) 4.60% Cap Rate
Investment Highlights
- Corporate lease with Chipotle, one of the premier fast casual operators in the country with more than 3,770 locations and total revenue over $11bn.
Executive Summary
Brand new 15-year absolute NNN lease features 10% rent increases every 5 years and no landlord maintenance responsibilities, providing a completely passive investment.
New Construction: High-quality construction featuring Chipotle’s current prototype, which includes a “Chipotlane” drive-thru. Starbucks recently opened next door and there is more retail planned for the remaining 2+ acres, bringing additional traffic to the site.
Dense Locations with High Traffic Exposure: Nearby national retailers include Tom Thumb, Starbucks, Walmart Neighborhood Market, Chick-fil-A, McDonald’s, Autozone, Raising Cane’s, CVS, and it is exposed to over 40,000 VPD.
New Construction: High-quality construction featuring Chipotle’s current prototype, which includes a “Chipotlane” drive-thru. Starbucks recently opened next door and there is more retail planned for the remaining 2+ acres, bringing additional traffic to the site.
Dense Locations with High Traffic Exposure: Nearby national retailers include Tom Thumb, Starbucks, Walmart Neighborhood Market, Chick-fil-A, McDonald’s, Autozone, Raising Cane’s, CVS, and it is exposed to over 40,000 VPD.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
2,325 SF
Building Class
B
Year Built
2026
Price
$5,499,542 CAD
Price Per SF
$2,365.39 CAD
Cap Rate
4.60%
NOI
$252,979 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.12 AC
Zoning
Z92 - Retail
Frontage
100’ on Lakeview Parkway
Amenities
- Signage
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 441105900A3RA0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $484,631 CAD | Total Assessment | $484,631 CAD |
Property Taxes
Parcel Number
441105900A3RA0000
Land Assessment
$484,631 CAD
Improvements Assessment
$0 CAD
Total Assessment
$484,631 CAD
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Chipotle | 8151 Lakeview Pky
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