12600 Interstate 45Willis, TX 77378

Property Details for 12600 Interstate 45

Year built

2024

Lot size

0.74 AC

Property size (Sq ft)

2,325 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Willis

County

Montgomery

State

Texas

Latitude

30.4235

Longitude

-95.4915

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