Conroe, TX - Chipotle

Description:

• The tenant has 20 years remaining with 4 (5-Year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate signed by Chipotle Mexican Grill, Inc., a leading fast-casual Mexican restaurant chain in the U.S. with over 3,400 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation

• Subject property is located directly off State Hwy-242 with daily traffic counts exceeding 49,500 VPD
• Strategically located near Interstate-45, one of the main interstates of Houston with traffic counts exceeding 238,400 VPD
• Dense retail corridor with tenants, Chick-Fil-A, McDonalds, Taco Bell, Starbucks, CVS, Dutch Bros, Jack in the Box, Jersey Mikes
• Subject Property is anchored by an H-E-B
• Property is located 2-Miles from College Park Shopping Center with tenants Costco, Walmart Lowe’s, At Home, Kohl’s