1 of 5

2 of 5

3 of 5

4 of 5

5 of 5

•  Media
• Map
• Street View

7111 FM 1464 Rd
Richmond, TX 77407 Mission Bend

$3,148,577 USD

Fast Food For Sale  •  2,463 SF

Property Details

• Property Type Fast Food
• Total Building Size 2,463 SF
• Lot Size 1.03 AC
• Building Class B
• Year Built 2024
• Cap Rate 4.85 %
• Tenancy Single

0 Transit Score

53 Walk Score

Highlights

Brand-new 2024 construction with a 20-year roof warranty.

15-year corporate lease to Chipotle Mexican Grill, Inc., with over 13 years remaining.

10% rent increases every five years provide reliable income growth and hedge against inflation.

Corporate lease to Chipotle Mexican Grill, Inc., the leading company in the fast-casual restaurant space with a $57B market cap (NYSE: CMG).

Located in the fast-growing Richmond submarket of the Houston MSA.

High visibility on FM 1464, with signalized corner access, strong traffic counts, and a drive-thru.

Cap Rate:

4.85 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Chipotle Mexican Grill	2,463 SF	3/31/2039

Amenities

• Signage

Public Transportation

Airport	Drive	Walk	Distance
William P Hobby	48 min	-	31.6 mi
George Bush Intcntl/Houston	49 min	-	40.1 mi