1269 FM 1462 - Fast Food FOR SALE


Alvin, TX 77511
$3,345,263 USD
408-510-9057
1269 FM 1462, Alvin, TX for Sale
$3,345,263 USD
Fast Food - FOR SALE
1/3
null | 4.75% Cap Rate

1269 FM 1462
Alvin, TX 77511


HIGHLIGHTS

  • Brand-New 15-Year Absolute NNN Lease Commencing June 2025 | Lease Features Zero Landlord Responsibilities and 7.50% Rent Increases Every 5 Years
  • Corporate Guaranty by Chipotle Mexican Grill, Inc. (NYSE: CMG)
  • Build-to-Suit Drive-Thru Chipotlane Prototype | ±2,325 SF Restaurant on ±0.85 Acres Built to the Latest Chipotle Design Standards
  • Positioned Adjacent to Top-Ranked Kroger With Built-In Traffic | Outparcel to Kroger Ranked in the Top 20% Nationwide by Placer.ai
  • Surrounding Retail Includes Meadow Park Plaza, Drawing 1.71M+ Visits Annually | Directly Adjacent to Alvin Community College - 5,700 Student/450 Staff
  • Strong Trade Area With Explosive Growth in the Houston MSA | 5-Mile Population Projected to Grow From 45,000 to 50,000+ by 2029 (2.2% CAGR)

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed Chipotle Mexican Grill located at 1269 FM 1462 in Alvin, Texas. The property will be leased to Chipotle Mexican Grill, Inc. under a brand-new 15-year absolute NNN lease, with rent commencement expected on June 1, 2025. The lease includes zero landlord responsibilities, 10% rent increases every five years, and four (4) five-year renewal options, providing stable, long-term income backed by corporate credit. This ±2,325-square-foot building is built to Chipotle’s latest drive-thru prototype and includes a dedicated Chipotlane, enhancing digital order throughput and operational efficiency. Positioned as an outparcel to a top-performing Kroger, the site benefits from built-in daily traffic and strong co-tenancy. It lies just south of Houston and is surrounded by over 280,000 square feet of retail and 1.45 million square feet of industrial and office space. Alvin is a fast-growing suburb within the Houston MSA, with a projected 5-mile population growth of 2.2% annually through 2029. The area is seeing strong residential development and significant commercial investment, positioning this site at the center of long-term suburban expansion. With corporate backing, modern infrastructure, and prime positioning in a high-growth corridor, this offering presents a compelling opportunity to secure a passive, investment-grade asset in a booming Texas submarket.

FOR SALE DETAILS

PRICE

$3,345,263 USD

PRICE/SF

$1,439 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle | 2025 Construction | Houston MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

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