8226 Long Point RdHouston, TX 77055
Chipotle | Houston, TX
Asset ClassRetail
Overview
- Rare 20 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Four (5-Year) Options to Renew
- 10% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
- Corporately Guaranteed Lease by Chipotle Mexican Grill, a Leading Fast-Casual Restaurant Brand Founded in 1993 That Operates More Than 3,400 Locations and Has a Market Cap Exceeding $42 Billion
- Brand New Construction, Pride of Ownership Asset Featuring Chipotle’s Latest “Habanero” Prototype Featuring a “Chipotlane” Drive-Thru – a Modern and Aesthetically Pleasing Property
- Situated on a Functional 0.716-Acre Parcel Containing a 10-Car Stack Drive-Thru, Providing Chipotle with the Ability to Effectively Handle High Restaurant Volume
- High Traffic Location with Excellent Visibility – More Than 19,000 Vehicles Per Day on Long Point Rd & an Additional 20,692 Vehicles Per Day on Nearby Witt Rd
- Densely Populated, Infill Location with Excellent Demographics – Over 398,000 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $158,000 Annually
- Over 205.7 Million Square Feet of Industrial & Office Space and 38.8 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 36,000 Businesses & 371,000 Employees
- Tremendous Multi-Family Density with Over 84,000 Apartment Units Located within a 5-Mile Radius of the Property
- Texas is an Income Tax Free State with the Strongest and Fastest Growing Economy in the United States, Providing an Ideal Location for a 1031 Exchange Asset
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8226 Long Point RdHouston, TX 77055
Sales Team
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