Chipotle - Princeton, TX_Property for Sale
Chipotle - Princeton, TX_Property for Sale
800 West Princeton Drive, Princeton, TX, 75407, US

Chipotle - Princeton, TX

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the opportunity to acquire the corporate Chipotle located at 800 W. Princeton Drive in Princeton, TX (the “Property” or “Asset”). Chipotle Mexican Grill, Inc. (the “Tenant”) is the second-largest Mexican chain restaurant in the world.


The Property sits within the new gorcery-anchored Market Street Development and adjacent to Princeton Town Center, a soon to be developed 66-acre power center featuring national tenancy. Princeton is a highly affluent city that has experienced rapid 265% population growth since 2010 in a 1-mile radius boasting household incomes of nearly $106,000. Princeton is undergoing substantial residential growth with several developments planned and underway totaling more than 17,700 single-family units and 5,100 multifamily units.


...

Attributes

Asking price
¥370,451,000
Cap rate
5.25%
NOI
¥19,451,000
Year built
2023
Building area net
216 sm

Media

Investment highlights

  • Corporate Lease
  • New 10-Year Lease with 10% rent bumps every 5 years
  • Outparcel to a new Market Street development and adjacent to the planned 66-acre Princeton Town Center featuring national retailers
  • US-380 frontage with visibility to 37K vehicles per day
  • High-growth, affluent demographics with 265% population growth since 2010 and AHHI of $110,000 within a 1-mile radius
Chipotle - Princeton, TX 4_Property for Sale
Chipotle - Princeton, TX 4_Property for Sale

Contact brokers

Chipotle - Princeton, TX (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Nov 14, 2024