6229 Stewart RdGalveston, TX 77551
High-Demand QSR, Strong Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- New 2,775 SF Chipotle restaurant in Galveston, TX, on a 0.76-acre lot with 60 parking spaces.
- Located in The Plaza, a high-performing retail center with national tenants including Five Below, Ross, and Whataburger, attracting over 2.4 million annual visitors.
- Galveston's first and only Chipotle, benefiting from high visibility (near 50,000 vehicles per day) and serving residents and 8 million annual tourists.
- 20-year absolute NNN lease with corporate guarantee and 10% rent increases every five years, plus four 5-year renewal options.
- Strong investment opportunity with a 4.65% cap rate and $198,000 NOI.
Property Details for 6229 Stewart Rd
- Property type
- Other retail properties, Restaurants
- Square Feet
- 2,775 SF
- Class
- A
- Year Built
- 2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 33,106 SF
Location Insight
- City
- Galveston
- County
- Galveston
- State
- Texas
- Latitude
- 29.2744388
- Longitude
- -94.8326962
Nearby Similar for Sale
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