1010 W Fairmont Pky - Fast Food FOR SALE


La Porte, TX 77571
$3,540,000 USD
415-852-5177
1010 W Fairmont Pky, La Porte, TX for Sale
$3,540,000 USD
Fast Food - FOR SALE
1/9
null | 4.8% Cap Rate

1010 W Fairmont Pky
La Porte, TX 77571


HIGHLIGHTS

  • 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
  • Close proximity to the Houston Port Authority - the busiest port in the US by tonnage, with a total 2024 economic impact of $906B
  • Excellent visibility along W Fairmont Parkway, with access to more than 37,000 vehicles per day directly in front of the property
  • 2025 construction built to the latest Chipotle prototype, featuring a Chipotlane drive-thru for additional customer convenience.
  • Texas as an income tax-free state

OVERVIEW

The property is strategically located at the hard corner of Highway 146 Frontage and W Fairmont Parkway, with excellent visibility and access to 37,000 vehicles per day directly in front of the property. W Fairmont Parkway provides immediate access to Highway 146 (71,411 AADT), which in turn connects to Highway 225 (90,659 AADT) just north of the property. Additionally, the property is supported by an affluent customer base, with an average household income of $135,889 within a three-mile radius. Positioned along the area’s major retail corridor, the property is near several notable retailers, including Kroger, Starbucks, AT&T, Anytime Fitness, Denny’s, and many others. The property is ideally located near major industrial employers such as LyondellBasell (800+ employees), ExxonMobil (400+ employees), and the Port of Houston (the busiest port in the U.S. in terms of tonnage). This Chipotle has beneficial proximity to San Jacinto College: Central Campus (15,000+ students) as well as many La Porte Independent School District schools, including La Porte High School (2,079 students), Lomax Elementary School (535 students), and Lomax Junior High School (515 students). The property is also less than 10 miles from NASA’s Johnson Space Center, which has a workforce of about 3,200 civil servants—including 110 astronauts—and over 11,000 contractors.

FOR SALE DETAILS

PRICE

$3,540,000 USD

PRICE/SF

$1,523 USD /SF

CAP RATE

4.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle | La Porte, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

2.43 AC

LAND SF

105,856 SF

ZONING

-

APN/PARCEL ID

0232520710001

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.