$3,739,785 USD
858-373-3184
128 Cane Island Pky
Katy, TX 77494
Cinco Ranch
HIGHLIGHTS
- 15 Year NNN Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Brand New 2025 High Quality Construction featuring a Drive Thru Pick-Up Lane. Fee Simple Qualifying for Depreciation.
- Chipotle is one of the Largest Mexican Restaurant Chains in the U.S. in terms of Sales and Number of Locations.
- Affluent Submarket with Strong Demographics and Double-Digit Population Growth - features an Average Household Income of $172k within a 1-Mile Radius.
- Katy is one of the Fastest-Growing Houston Suburbs, with Expanding Housing Developments, Schools, and Retail Centers Fueling Strong Population Growth.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
OVERVIEW
Chipotle Mexican Grill w/ Drive Thru | 15 Year NNN Lease | Brand New 2025 Construction | Qualifies for Depreciation | Affluent Submarket w/ Strong Demographics | Immediate Area Experiencing Major Growth - Katy is one of the Fastest- Growing Houston Suburbs | Immediate Access to/from Interstate 10 | Near Katy Mills Mall - 1.3M+ Sq.Ft. Major Regional Shopping Center
FOR SALE DETAILS
PRICE
$3,739,785 USD
PRICE/SF
$1,609 USD /SF
CAP RATE
4.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
BRAND NEW CHIPOTLE W/ DR-THRU | 15 YEAR NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.81 AC
LAND SF
35,284 SF
ZONING
-
APN/PARCEL ID
0369-00-007-0022-914
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858-373-3184
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858-373-3184
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