Views: 0 DOM: 47 Updated: 11.18.23 Posted: 10.25.23 Status: Active


Price $3,448,276
Built/Renov 2023
Tenant Chipotle
Cap Rate 4.35%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,325
Lease Start 12-01-2023
#Units 3,224
Price/SF $1,483.13
Expiration 11-30-2038
Tenant Type Fast Casual/Rest.
NOI $150,000
R. Term 14.11
Ownership Fee Simple
Rent/SF $64.52
Increases 10.0%/5/yrs
Pop 5Mi 304,858
Lot/AC 1.05
Options 4/5yrs/10%
AHHI 5Mi $91,366

Lease Highlights

  • Brand new 2023 construction
  • Chipotle recently signed a new 15-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the primary term & option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: CMG)

Location Description

This newly constructed Chipotle is situated off Beach St, which sees a daily traffic count of 30,000 vehicles. The property is located within the Fossil Creek Plaza, a retail area spanning over 86 acres and home to anchor tenants such as Kroger, Albertsons, Walgreens, and more. Just north of this location, there are over 440 acres of industrial and office spaces, with convenient access to...



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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 : 19,907 127,280 310,727
2023 Total Population : 19,472 126,022 306,944
2023 Employed Civilian Pop : 10,885 68,620 158,698
2023 Total Businesses : 371 2,963 8,203
2023 Average Household Income : $ 89,216 $ 96,953 $ 102,958
2023 Total Consumer Spending : $ 622 M $ 3875 M $ 9495 M
2023 Median Age : 34 34 34
2023 Total Households : 7,953 46,015 106,590
2023 Pop Age 25+: Bachelor's Degree : 2,999 18,930 47,761
2023 Average Home Value : $ 302,371 $ 276,078 $ 287,573
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Western Center Blvd Spoonwood Ln 2009 26,631 0.18 mi
N Beach St Masters Dr E 2009 31,550 0.20 mi
N Beach St Western Center Blvd 2009 35,087 0.22 mi
Western Center Blvd Silver Sage Dr 2009 26,076 0.26 mi
Silver Sage Dr Judith Way 2009 5,400 0.34 mi
Silver Sage Dr Western Center Blvd 2009 4,940 0.36 mi
N Beach St Paula Ridge Ct 2009 32,420 0.47 mi
Fall Creek Dr Falcon Ridge Dr 2009 3,160 0.48 mi
Silver Sage Dr China Rose Dr 2000 4,363 0.52 mi
Fossil Creek Boulevard Fossil Creek Blvd 2021 3,685 0.62 mi

Listing Broker

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