7111 FM 1464 Rd - Fast Food FOR SALE
Richmond, TX 77407 |
$3,148,577 USD
512-768-0380
7111 FM 1464 Rd
Richmond, TX 77407
HIGHLIGHTS
- Brand-new 2024 construction with a 20-year roof warranty.
- 15-year corporate lease to Chipotle Mexican Grill, Inc., with over 13 years remaining.
- 10% rent increases every five years provide reliable income growth and hedge against inflation.
- Corporate lease to Chipotle Mexican Grill, Inc., the leading company in the fast-casual restaurant space with a $57B market cap (NYSE: CMG).
- 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 five years, providing reliable income growth and a hedge against inflation, making this a stable long-term investment.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
FOR SALE DETAILS
PRICE
$3,148,577 USD
PRICE/SF
$1,278 USD /SF
CAP RATE
4.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chipotle (Houston MSA) - Richmond, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.03 AC
LAND SF
44,867 SF
ZONING
-
APN/PARCEL ID
0390-00-000-0625-907
ASK ABOUT THIS PROPERTY
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512-768-0380
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512-768-0380
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