12700 Interstate 45 N - Freestanding FOR SALE
Willis, TX 77378 |
$2,900,000 USD
404-441-3849
12700 Interstate 45 N
Willis, TX 77378
HIGHLIGHTS
- Brand New 10-Year NNN Ground Lease
- Excellent Access & Visibility Along I-45 (100,457 VPD)
- Within the Brand New 5.58-Acre 'Plazas at Willis' | Chipotle Mexican Grill, LightPoint Engineering, LLC & a future outpad user.
- Surrounded by Retail Powerhouses | Willis Town Center (79,340 SF), Sam Houston Town Center (238,344 SF), The Market at Willis (200,000 SF+), etc.
- Affluent Demographics & Built-In Customer Base | Population of 18,311 and Average HH Income of $102,349 within 3-miles
- Houston-Pasadena-The Woodlands, TX MSA Advantage (MSA Population: 7.62M+)
OVERVIEW
The CBRE Net Lease Property Group is pleased to offer for sale the 10-year NNN Chili's Grill & Bar ground lease situated on 1.37 acres in Willis, Texas—part of the broader Houston-Pasadena- The Woodlands, TX MSA (Population: 7.62M+). Commenced in June 2025, the 5,136-square-foot Chili's features a 10% rent increase in year 6 and in each of the four, 5-year renewal options.
FOR SALE DETAILS
PRICE
$2,900,000 USD
PRICE/SF
$1,261 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chili's Grill & Bar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.37 AC
LAND SF
59,677 SF
ZONING
4
APN/PARCEL ID
0313-01-01500
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404-441-3849
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404-441-3849
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