1831 Military PkwyMesquite, TX 75149

Property Details for 1831 Military Pkwy

Year built

2024

Lot size

0.92 AC

Property size (Sq ft)

2,325 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a newly constructed (2024), 2,325 square foot Chipotle restaurant situated on a 0.92-acre lot in Mesquite, Texas, within the Dallas-Fort Worth MSA. The property boasts a 15-year absolute NNN lease commencing December 15, 2024, and expiring December 31, 2039, with built-in rent bumps every five years. The lease is backed by a corporate guarantee, minimizing landlord responsibilities and offering a passive income stream. The property features a "Chipotlane" drive-thru, enhancing customer convenience and sales potential. Located on a high-traffic section of Military Parkway, this Chipotle benefits from excellent visibility and accessibility. The site's proximity to West Mesquite High School, West Mesquite Middle School, Eastfield College, and Dallas Regional Medical Center ensures a consistent customer base. Furthermore, its adjacency to a Walmart Neighborhood Market and other dining establishments contributes to strong cross-shopping patterns. The surrounding area boasts a population exceeding 298,000 within a five-mile radius, supported by major employers like PepsiCo and UPS. This established market, combined with the long-term lease and built-in rent increases, makes this a compelling investment opportunity with a 4.50% cap rate and a net operating income (NOI) of $175,000. The asking price is $3,889,000. This offering is suitable for 1031 exchange transactions.

Location Insight

City

Mesquite

County

Dallas

State

Texas

Latitude

32.7683

Longitude

-96.6259

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