Chipotle | GL Richardson, TX

1420 East Belt Line Road
Richardson, TX

Price: $2,874,000
Cap Rate: 4.35%
NOI: $125,000
Building Size: Approx. 2,398 Sq. Ft.
Lot Size: Approx. 0.62 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2020

Investment Overview

  • 2020 Construction. 2,398+/- SF Building on .62+/- Acre Site
  • New 10-Year Corp Ground Lease w/ 10% Rent Bumps Every 5
  • Located along E Belt Line Rd and Plano Rd, traffic count 65K VPD
  • Signalized Intersection, Adjacent to Lowe’s & Super Target Anchored Center
  • Proximity to CityLine Mixed-Used 3M S.F,  State Farm HQ & Raytheon Campus
  • Richardson is an affluent inner suburb of Dallas, home to major Telecom Companies
  • Major Employers: AT&T, Verizon, Cisco Systems, Samsung, Texas Instruments, Fujitsu
  • Strong Demographics with AVG HH Income $76,719 & Estimated Population of 120,981
  • Dallas – Fort Worth (MSA) | Leading the U.S. in Population Growth | Pop: 7,573,136+