Description

Duwest Realty Investment Services has been exclusively retained to market for sale Chipotle at Shops at Quail Run in Rockwall, Texas (“The Property”). The Property is a corporately-backed absolute NNN lease with a rare 20-year primary term. The building recently finalized construction and held their grand opening with a rent commencement date of March 21, 2025. It sits on one of the most dynamic corners (Quail Run and Hwy 205) just north of Kroger in the booming DFW submarket of Rockwall, Texas.

Chipotle is a popular fast casual dining operator with a focus on local and organic ingredients. The food is made fresh daily and free of artificial flavors, colors, and preservatives. The company currently has 3,639 locations, and is steadily growing to include new locations in their portfolio. Since becoming public in 2006, Chipotle’s stock, (NYSE:CMG), has climbed to $54.34 per share with a market cap of $73.64 billion. In 2024, Chipotle reported over $11 billon in annual revenue.

In recent years, Rockwall has undergone substantial population and economic growth, marked by the emergence of new businesses, educational institutions, and residential developments in the area. One notable project is The Homestead, a new neighborhood featuring 490 homes, with availability expected starting in May 2025. In total, over 3,300 newly constructed homes are set to enter the Rockwall market, with an average value of $540,464. On the retail front, H-E-B is constructing a 131,000-square-foot store in Rockwall, slated to open in May 2025. Additionally, IKEA has plans to build a 109,000-square-foot store in the area, with completion anticipated by year end.

The acquisition of this Chipotle offers investors an outstanding 20-year corporate lease, staggered 10% income increases every 5 years, and zero landlord responsibility. Rockwall’s growth story is a testament to the overall attractiveness the DFW area continues to offer.