7111 FM 1464 Rd - Retail FOR SALE
Richmond, TX 77407 |
$3,390,000 USD
512-359-9190
7111 FM 1464 Rd
Richmond, TX 77407
HIGHLIGHTS
- Brand-New 2024 Construction
- 15-Year Corporate Lease to Chipotle Mexican Grill, Inc. With Over 13 Years Remaining
- 10% Rent Increases Every 5 Years, Provide Reliable Income Growth, and Hedge Against Inflation
- Strong Credit Guarantee From Chipotle, a Fortune 500 Company With Over 3,800 Locations
- Located in the Fast-Growing Richmond Submarket of the Houston MSA
- High visibility on FM 1464, With Signalized Corner Access, Strong Traffic Counts, and a Drive-Thru
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,463 SF Chipotle Located at 7111 FM 1464 in Richmond, TX. This Deal Includes a Brand-New 2024 Construction With 10% Rent Increases Every 5 Years, Providing Reliable Income Growth and Hedge Against Inflation, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
FOR SALE DETAILS
PRICE
$3,390,000 USD
PRICE/SF
$1,376 USD /SF
CAP RATE
4.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chipotle - Richmond, TX
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
6.4 AC
LAND SF
278,924 SF
ZONING
-
APN/PARCEL ID
0390-00-000-0625-907
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512-359-9190
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512-359-9190
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