Restaurant
Chipotle
3943 Little York Rd, Houston, TX 77093
Listing Price: $4,750,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Chipotle located at 3943 Little York Road in Houston, Texas. The site consists of roughly 2,400 rentable square feet of building space on estimated 0.81-acre parcel of land. This Chipotle is subject to a 20-year absolute triple-net (NNN) lease, which commenced October 14th, 2021. The current annual rent is $195,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 4, 5-year renewal options.
Listing Price: $4,750,000
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Approximately 19.25 Years Remaining
- Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Chipotle located at 3943 Little York Road in Houston, Texas. The site consists of roughly 2,400 rentable square feet of building space on estimated 0.81-acre parcel of land. This Chipotle is subject to a 20-year absolute triple-net (NNN) lease, which commenced October 14th, 2021. The current annual rent is $195,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 4, 5-year renewal options.
