Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed Chipotle Mexican Grill located at 1269 FM 1462 in Alvin, Texas. The property will be leased to Chipotle Mexican Grill, Inc. under a brand-new 15-year absolute NNN lease, with rent commencement expected on June 1, 2025. The lease includes zero landlord responsibilities, 10% rent increases every five years, and four (4) five-year renewal options, providing stable, long-term income backed by corporate credit. This ±2,325-square-foot building is built to Chipotle’s latest drive-thru prototype and includes a dedicated Chipotlane, enhancing digital order throughput and operational efficiency. Positioned as an outparcel to a top-performing Kroger, the site benefits from built-in daily traffic and strong co-tenancy. It lies just south of Houston and is surrounded by over 280,000 square feet of retail and 1.45 million square feet of industrial and office space. Alvin is a fast-growing suburb within the Houston MSA, with a projected 5-mile population growth of 2.2% annually through 2029. The area is seeing strong residential development and significant commercial investment, positioning this site at the center of long-term suburban expansion. With corporate backing, modern infrastructure, and prime positioning in a high-growth corridor, this offering presents a compelling opportunity to secure a passive, investment-grade asset in a booming Texas submarket.