June 18, 2024 – Matt Siebert of Horvath & Tremblay has successfully completed the sale of Chipotle in Stafford, Texas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,879,000.
Chipotle is located at 3549 South Main Street in Stafford, Texas. The new construction Chipotle consists of a 2,325 square foot building with a Chipotlane (drive thru). Chipotle has a new 15-year Absolute NNN Lease with four (4), five-year renewal options and features 10% rent increases every five years throughout the base term and option periods. The property is extremely well located along South Main Street (US Highway 90 ALT), one of the area’s primary commercial and commuter corridors. The new construction Chipotle is adjacent to the signalized intersection with Murphy Road, and is surrounded by national retailers and a large industrial and warehousing district that drive traffic to the area. Additionally, the Property is surrounded by densely populated residential neighborhoods and apartment communities that provide a built-in customer base. Chipotle is 1-mile from Houston Community College – Stafford Campus, the largest college in the Houston Community College system with more than 10,000 students. The Property also offers convenient access to Interstate 69 and the Sam Houston Tollway, allowing the Property to capture significant commuter traffic. Stafford is a suburb of Houston and is located 19 miles southwest of the city.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.