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Restaurant

Chipotle

3943 Little York Rd, Houston, TX 77093

Listing Price: $4,750,000

Cap Rate
4.00%
Tenant Name
Chipotle
Years Remaining On Lease
18.8
Guarantor
Corporate Guarantee
Rentable SF
2,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$79.17

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.

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

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Listing Price: $4,750,000

Cap Rate
4.00%
Tenant Name
Chipotle
Years Remaining On Lease
18.8
Guarantor
Corporate Guarantee
Rentable SF
2,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$79.17

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.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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