Restaurant
Brand New Chipotle w/ Dr-Thru | 15 Yr NNN | Across from Home Depot | Affluent Area: $172k+ Avg. HHI
128 Cane Island Pkwy, Katy (Houston MSA), TX 77494
Listing Price: $3,739,785
Investment Overview
Katy, Texas, situated in Fort Bend County just southwest of Houston, is part of one of the most dynamic and fastest-growing regions in the United States. Fort Bend County has consistently ranked among the top counties nationwide for population growth, expanding more than 16% since 2020 and projected to reach nearly 1.8 million residents by 2050. This rapid expansion is supported by the area’s reputation for high quality of life, excellent schools, and an expanding network of master-planned communities.
The region benefits from strong household demographics, with median household incomes in Fort Bend County exceeding $113,000, well above state and national averages. A young and family-oriented population further fuels long-term consumer demand, while a diverse labor force of over 300,000 workers within the county—and more than 1.5 million across the Houston metro within a 45-minute commute—ensures a robust and sustainable economic base.
Infrastructure investment continues to drive growth. Significant improvements to FM 1093, the Westpark Tollway, and the Grand Parkway (SH 99) are enhancing east-west and north-south connectivity, linking Katy to major employment and residential centers across Houston. These upgrades not only alleviate congestion but also expand the reach of residential and commercial development deeper into the county.
Economic resilience in Fort Bend stems from a diverse industry base that includes energy, healthcare, logistics, education, and advanced manufacturing. Employment growth across these sectors strengthens daytime activity and provides long-term demand drivers for retail, residential, and hospitality development. Complementing this economic foundation, Fort Bend has emerged as one of the most ethnically diverse counties in the nation, cultivating a vibrant cultural and consumer landscape.
With sustained residential expansion, infrastructure investment, and economic diversity, Richmond and the greater Fort Bend County region offer investors a compelling environment defined by growth, stability, and long-term demand.
Brand New Chipotle w/ Dr-Thru | 15 Yr NNN | Across from Home Depot | Affluent Area: $172k+ Avg. HHI
Investment Highlights
- 15 Year NNN Lease (Minimal Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Brand New 2025 High Quality Construction featuring a Drive Thru Pick-Up Lane. Fee Simple Qualifying for Depreciation.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
- Chipotle is one of the Largest Mexican Restaurant Chains in the U.S. in terms of Sales and Number of Locations, w/ an Annual Revenue in Excess of $11.31 Billion, a Total Net Worth of more than $3.65 Billion and is Ranked #399 on the Fortune 500 List.
- Affluent Submarket with Strong Demographics and Double-Digit Population Growth - features an Average Household Income of $172k within a 1-Mile Radius, and more than 194k People Residing within a 5-Mile Radius. Katy is one of the Fastest-Growing Houston Suburbs, with Expanding Housing Developments, Schools, and Retail Centers Fueling Strong Population Growth and Retail Demand.
- Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access & Excellent Visibility along Cane Island Pkwy. Immediate Access to/from Interstate 10 (69k+ VPD).
- The Interchange Of I-10 and Cane Island Parkway has become a Major Activity Node, with Significant new Retail, Residential, and Hospitality Development Concentrating around this High-Visibility Intersection.
- Located in a Rapidly Expanding Dense Urban Infill Area - The Area is now Undergoing Major Development because of its Close Proximity to Downtown Houston, The Energy Corridor, Major Highways, Shopping Centers and more. Immediate Proximity to Katy Mills Mall - a 1.3M+ Sq.Ft. Major Regional Shopping Destination with more than 160 Stores, Restaurants, and Entertainment Venues Drawing Millions of Visitors Annually.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
Restaurant
Brand New Chipotle w/ Dr-Thru | 15 Yr NNN | Across from Home Depot | Affluent Area: $172k+ Avg. HHI
Listing Price: $3,739,785
Investment Highlights
- 15 Year NNN Lease (Minimal Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Brand New 2025 High Quality Construction featuring a Drive Thru Pick-Up Lane. Fee Simple Qualifying for Depreciation.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
- Chipotle is one of the Largest Mexican Restaurant Chains in the U.S. in terms of Sales and Number of Locations, w/ an Annual Revenue in Excess of $11.31 Billion, a Total Net Worth of more than $3.65 Billion and is Ranked #399 on the Fortune 500 List.
- Affluent Submarket with Strong Demographics and Double-Digit Population Growth - features an Average Household Income of $172k within a 1-Mile Radius, and more than 194k People Residing within a 5-Mile Radius. Katy is one of the Fastest-Growing Houston Suburbs, with Expanding Housing Developments, Schools, and Retail Centers Fueling Strong Population Growth and Retail Demand.
- Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access & Excellent Visibility along Cane Island Pkwy. Immediate Access to/from Interstate 10 (69k+ VPD).
- The Interchange Of I-10 and Cane Island Parkway has become a Major Activity Node, with Significant new Retail, Residential, and Hospitality Development Concentrating around this High-Visibility Intersection.
- Located in a Rapidly Expanding Dense Urban Infill Area - The Area is now Undergoing Major Development because of its Close Proximity to Downtown Houston, The Energy Corridor, Major Highways, Shopping Centers and more. Immediate Proximity to Katy Mills Mall - a 1.3M+ Sq.Ft. Major Regional Shopping Destination with more than 160 Stores, Restaurants, and Entertainment Venues Drawing Millions of Visitors Annually.
Investment Overview
Katy, Texas, situated in Fort Bend County just southwest of Houston, is part of one of the most dynamic and fastest-growing regions in the United States. Fort Bend County has consistently ranked among the top counties nationwide for population growth, expanding more than 16% since 2020 and projected to reach nearly 1.8 million residents by 2050. This rapid expansion is supported by the area’s reputation for high quality of life, excellent schools, and an expanding network of master-planned communities. The region benefits from strong household demographics, with median household incomes in Fort Bend County exceeding $113,000, well above state and national averages. A young and family-oriented population further fuels long-term consumer demand, while a diverse labor force of over 300,000 workers within the county—and more than 1.5 million across the Houston metro within a 45-minute commute—ensures a robust and sustainable economic base. Infrastructure investment continues to drive growth. Significant improvements to FM 1093, the Westpark Tollway, and the Grand Parkway (SH 99) are enhancing east-west and north-south connectivity, linking Katy to major employment and residential centers across Houston. These upgrades not only alleviate congestion but also expand the reach of residential and commercial development deeper into the county. Economic resilience in Fort Bend stems from a diverse industry base that includes energy, healthcare, logistics, education, and advanced manufacturing. Employment growth across these sectors strengthens daytime activity and provides long-term demand drivers for retail, residential, and hospitality development. Complementing this economic foundation, Fort Bend has emerged as one of the most ethnically diverse counties in the nation, cultivating a vibrant cultural and consumer landscape. With sustained residential expansion, infrastructure investment, and economic diversity, Richmond and the greater Fort Bend County region offer investors a compelling environment defined by growth, stability, and long-term demand.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
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