For Sale
$3,200,000

12600 Interstate 45Willis, TX 77378

High-ROI Chipotle, 15-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a brand-new, 2,325-square-foot Chipotle Mexican Grill located in Willis, Texas, within the Houston MSA. Boasting a 15-year net lease with a strong 4.50% cap rate and a substantial $145,000 annual net operating income (NOI), this property offers significant long-term value. The lease commenced September 25, 2024, and includes four, five-year renewal options, each with approximately 10% rent increases. Situated on a 0.74-acre lot with 30 parking spaces, this location benefits from excellent visibility and accessibility along Interstate 45 North, a major thoroughfare. The property is part of a larger mixed-use development, further enhancing its value and potential for future growth. Built in 2024, this single-tenant building features a drive-thru lane ("Chipotlane"), catering to the increasing demand for convenient ordering and pickup. The property's strategic location in Willis, Texas, serves a significant population lacking nearby Chipotle locations, ensuring consistent customer traffic. The substantial rent bumps throughout the lease term provide a built-in hedge against inflation and guarantee a steadily increasing return on investment. This is a rare opportunity to acquire a high-performing, established brand in a rapidly growing market. The asking price is $3,200,000.

Highlights

  • Brand new 15-year NNN lease with Chipotle; ±10% rent increases every 5 years, including four 5-year renewal options.
  • Chipotle with drive-thru ("Chipotlane"); only Chipotle in Willis, TX, over 9 miles from nearest competitor.
  • Excellent visibility and access on North Freeway Service Road, near I-45 (100,457 VPD) and FM 1097 (26,219 VPD); 50 miles north of downtown Houston.
  • Located within a new 5.58-acre mixed-use development including Chili's Grill & Bar and LightPoint Engineering.

Property Details for 12600 Interstate 45

Property type
Retail properties, Restaurants
Square Feet
2,325 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Willis
County
Montgomery
State
Texas
Latitude
30.4234774
Longitude
-95.4915054
12600 Interstate 45, Willis, Texas

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12600 Interstate 45
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