12600 I-45 N - Fast Food FOR SALE


Willis, TX 77378
$3,200,000 USD
404-441-3849
12600 I-45 N, Willis, TX for Sale
$3,200,000 USD
Fast Food - FOR SALE
1/10
null | 4.53% Cap Rate

12600 I-45 N
Willis, TX 77378


HIGHLIGHTS

  • Brand New 15-Year NNN Lease | ±10% Rent Increases Every 5 Years Throughout Initial Term & in Each of the Four, 5-Year Renewal Options
  • "Chipotlane" Advantage | Equipped with a Drive-Thru Lane | Only Chipotle in Willis, Texas
  • Excellent Access & Visibility Along I-45 (100,457 VPD) | 50 Miles from Downtown Houston
  • Within a Brand-New 5.58-Acre Mixed-Use Development | Chili's Grill & Bar (coming soon) and LightPoint Engineering, LLC
  • Surrounded by Retail Powerhouses | Willis Town Center (79,340 SF), Sam Houston Town Center (238,344 SF) & The Market at Willis (200,000 SF+)
  • 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 2,325-square-foot Chipotle Mexican Grill situated on 0.74 acres in Willis, Texas—part of the broader Houston-Pasadena-The Woodlands, TX MSA (MSA Population: 7.62M+). Recently opened in September, Chipotle’s brand new 15-year NNN lease features ±10% rent increases every 5 years throughout the initial term and in each of the four, 5-year renewal options.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$1,376 USD /SF

CAP RATE

4.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle Mexican Grill: Willis, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

4

APN/PARCEL ID

0313-01-01500

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.