Chipotle | 1831 Military Pky
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Chipotle 1831 Military Pky
2,325 SF Retail Building Mesquite, TX 75149 $3,889,000 ($1,673/SF) 4.50% Cap Rate
Investment Highlights
- New 15-year absolute NNN lease to a major national QSR tenant
- No landlord management, an ideal opportunity for passive investors
- Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies
- 10% rental increases every five (5) years in initial term and option periods, providing a passive long term income generator
- Chipotle is the only restaurant company of its size that owns and operates all its restaurants
- New high-quality 2024 construction built to Chipotle’s latest prototype, site features a “Chipotlane” drive-thru for added customer convenience
Executive Summary
This Chipotle is strategically located along Military Parkway, a major commercial corridor in Mesquite, with significant vehicle traffic passing the site daily. Its prominent position ensures excellent visibility and accessibility for both local residents and commuters from surrounding areas. The property is located near important institutions such as West Mesquite High School and West Mesquite Middle School, which together serve over 2,800 students, as well as Eastfield College. The steady flow of students, faculty, and visitors creates a robust customer base for Chipotle. Additionally, the site is less than three miles from Dallas Regional Medical Center, a major healthcare facility. The site benefits from proximity to a Walmart Neighborhood Market, which draws regular local traffic and serves as a key retail anchor for the area. The presence of nearby dining establishments contributes to strong cross shopping and consistent customer flow throughout the day. The property is surrounded by a population of over 298,000 residents within a five-mile radius. This densely populated area, combined with a reliable workforce supported by major employers such as PepsiCo and UPS, ensures a steady stream of potential customers throughout the day. Mesquite’s well-developed retail and residential infrastructure, combined with its close proximity to Dallas, supports consistent demand for dining options like Chipotle. This makes the location a stable and reliable investment opportunity for the long term.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
B
Year Built
2024
Price
$3,889,000
Price Per SF
$1,673
Cap Rate
4.50%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
0.92 AC
Parking
39 Spaces (16.77 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
PROPERTY TAXES
Parcel Number | 380930000202R0000 | Improvements Assessment | $1,539,600 |
Land Assessment | $525,400 | Total Assessment | $2,065,000 |
PROPERTY TAXES
Parcel Number
380930000202R0000
Land Assessment
$525,400
Improvements Assessment
$1,539,600
Total Assessment
$2,065,000
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Chipotle | 1831 Military Pky
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