Views: 0 DOM: 45 Updated: 11.28.23 Posted: 10.27.23 Status: Active


Price $2,232,000
Built/Renov 2023
Tenant Chipotle
Cap Rate 5.00%
Lease Type NN+
Guarantor Corp Traded
Size/SF 2,325
Lease Start 06-27-2023
#Units 3,224
Price/SF $960.00
Expiration 06-30-2038
Tenant Type Fast Casual/Rest.
NOI $111,600
R. Term 14.6
Ownership Fee Simple
Rent/SF $48.00
Increases 10.0%/4/yrs
Pop 5Mi 106,572
Lot/AC 0.47
Options 4/5yrs/7.5%
AHHI 5Mi $65,564

Lease Highlights

  • Brand new 2023 construction
  • Chipotle recently singed a brand-new 15-year lease with 4 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and 7.5% increase at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and structure | 15-year transferable roof warranty
  • Corporate guarantee by Chipotle Mexican Grill, Inc. (NYSE: CMG)

Location Description

Chipotle is situated on SE 28th Street, with an average daily traffic count of 12,185 vehicles. In the nearby vicinity, there are several well-known national retailers, including Walmart Supercenter, Ace Hardware, Advance Auto Parts, Arby's, AutoZone, Dollar General, and others. The property is conveniently located only 3 miles from downtown Topeka, the capital of Kansas. Within a 5-mile...



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  • Tenant: Chipotle
  • Guarantor:Corp Traded
  • Company:Chipotle Mexican Grill, Inc.
  • # Units:3,224
  • Stock:NYSE: CMG

About Tenant

Chipotle Mexican Grill, Inc., (NYSE: CMG) often known simply as Chipotle, is an American chain of fast casual restaurants in the U.S., United Kingdom, Canada, Germany, and France, specializing in...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,093 52,016 103,712
2023 Total Population : 8,257 52,405 104,934
2023 Employed Civilian Pop : 3,551 22,516 47,707
2023 Total Businesses : 151 2,607 4,748
2023 Average Household Income : $ 54,368 $ 62,104 $ 67,303
2023 Total Consumer Spending : $ 155 M $ 1113 M $ 2563 M
2023 Median Age : 35 36 38
2023 Total Households : 3,249 20,447 43,624
2023 Pop Age 25+: Bachelor's Degree : 430 4,842 12,990
2023 Average Home Value : $ 114,579 $ 132,463 $ 147,483
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Southeast California Avenue SE 28th St 2018 12,650 0.02 mi
SE 27th St 2021 13,802 0.12 mi
SE 27th St 2021 13,802 0.12 mi
Southeast 29th Street SE Maryland Ave 2021 13,381 0.28 mi
Southeast California Avenue SE 26th St 2018 12,650 0.30 mi
SE Minnesota Ave 2021 2,599 0.45 mi
SE Minnesota Ave 2021 2,599 0.45 mi
SE Burr St 2021 1,540 0.46 mi
SE Burr St 2021 1,540 0.46 mi
Southeast 29th Street SE Illinois Ave 2018 12,660 0.48 mi

Listing Broker

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