Views: 0 DOM: 38 Updated: 11.28.23 Posted: 11.03.23 Status: Active


Price $3,720,000
Built/Renov 2023
Tenant Chipotle
Cap Rate 4.15%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,490
Lease Start 03-06-2023
#Units 3,224
Price/SF $1,493.98
Expiration 03-31-2038
Tenant Type Fast Casual/Rest.
NOI $154,380
R. Term 14.3
Ownership Fee Simple
Rent/SF $62.00
Increases 10.0%/5/yrs
Pop 5Mi 77,066
Lot/AC 1.01
Options 4/5yrs/10%
AHHI 5Mi $85,242

Lease Highlights

  • Brand-new 2023 construction
  • Chipotle has 14+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Chipotle Mexican Grill, Inc. (NYSE: CMG)

Location Description

Chipotle is strategically located with excellent visibility and multiple points of ingress and egress along E. Silver Springs Blvd which features 26,200 vehicles passing by daily. It is just steps from the signalized intersection at NE. 49th Court Rd., and is an Aldi anchored outparcel. Neighboring tenants at the ALDI anchored center include Aspen Dental, AT&T, GameStop, AYR Cannabis, Subway...



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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 : 4,240 32,049 75,322
2023 Total Population : 4,154 32,687 77,066
2023 Employed Civilian Pop : 2,134 15,095 35,350
2023 Total Businesses : 184 1,354 4,136
2023 Average Household Income : $ 66,821 $ 79,040 $ 85,242
2023 Total Consumer Spending : $ 115 M $ 977 M $ 2332 M
2023 Median Age : 54 49 45
2023 Total Households : 1,961 14,169 31,462
2023 Pop Age 25+: Bachelor's Degree : 642 3,879 9,677
2023 Average Home Value : $ 161,706 $ 206,648 $ 233,834
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
East Silver Springs Boulevard NE 49th Ave 2021 21,758 0.13 mi
E Silver Springs Blvd NE 49th Ter 2008 26,200 0.17 mi
E Silver Springs Blvd Silver Spring Airport Rd 2005 24,000 0.35 mi
Northeast 58th Avenue NE 24th St 2021 12,200 0.82 mi
Northeast 58th Avenue NE 24th St 2022 15,800 0.82 mi
NE 55th Ave NE 30th St 2008 7,400 0.85 mi
E Silver Springs Blvd NE 56th Ave 2004 14,700 0.85 mi
Northeast 35th Street NE 47th Ave 2022 6,400 0.97 mi
E Silver Springs Blvd NE 14th St 2004 23,146 1.02 mi
East Silver Springs Boulevard NE 60th Ct 2021 13,000 1.11 mi

Listing Broker

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