For Sale
$2,406,000

410 Dixieland RdHarlingen, TX 78552

High-Growth Texas QSR, 6.9 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 2,392 square foot Chipotle restaurant located at 410 Dixieland Rd, Harlingen, TX 78552. Built in 2016, this property sits on a 0.42-acre lot and benefits from a 15-year absolute NNN lease with approximately 6.9 years remaining. The lease includes a corporate guarantee from Chipotle Mexican Grill, Inc., the largest fast-casual restaurant chain in the U.S., ensuring consistent rental income. The lease features 10% rent bumps every five years, throughout the primary term and option periods. Four, five-year renewal options further secure long-term returns. The property boasts excellent visibility and access from Expressway 83, which sees 112,000 vehicles per day. With a current NOI of $128,700 and a 5.35% cap rate, this investment offers strong cash flow potential in a rapidly growing region of Texas, the world's ninth-largest economy. The property's location in the Rio Grande Valley, a high-growth area, and its proximity to Weslaco, a logistics center, contribute to its significant investment appeal. The asking price is $2,406,000, translating to $1,005.85 per square foot. This is a rare opportunity to acquire a well-performing, established asset with a strong tenant and significant upside potential.

Highlights

  • 2016-built, 2,392 square foot Chipotle restaurant on a 0.42-acre lot.
  • 15-year NNN lease with approximately 7 years remaining, including 10% rent increases every five years and four five-year renewal options.
  • Excellent visibility and access from Expressway 83 (112,000 VPD).
  • Located in the rapidly growing Rio Grande Valley, Texas.
  • Strong tenant: Chipotle Mexican Grill, Inc., the largest fast-casual restaurant chain in the U.S.
  • Proximity to Weslaco, a regional logistics center.

Property Details for 410 Dixieland Rd

Property type
Retail properties, Restaurants
Square Feet
2,392 SF
Year Built
2016
Lot Size (sq. ft)
18,295 SF

Location Insight

City
Harlingen
County
Cameron
State
Texas
Latitude
26.186721866565
Longitude
-97.721490699701
410 Dixieland Rd, Harlingen, Texas

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410 Dixieland Rd
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