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Chipotle
2001 Southeast 28th Street, Topeka, KS 66605
$2,232,000
Cap Rate 5.00%
Summary
| 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...
...Features
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New prototype
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Roof guarantee
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Dense retail corridor
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Shopping Ctr out-parcel
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Dense 100M+ pop 5 mi
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Brand new lease
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Long 10+ yr lease
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Favorable NN+ lease
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Corporate Guarantee
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Publicly traded company
...
Maps
Tenant
- 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...
...
Demographics
| 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 |
Traffic
| 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 |
