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| Price $4,444,000 | Built/Renov 2024 | Tenant Chipotle |
| Cap Rate 4.50% | Lease Type
Double NN | Guarantor Corp Traded |
| Size/SF
2,325
| Lease Start
10-23-2024
| #Units
3,636
|
| Price/SF $1,911.40 | Expiration
10-31-2034
| Tenant Type Fast Casual/Rest. |
| NOI $200,000 | R. Term 9.0 | Ownership Fee Simple |
| Rent/SF
$86.02
| Increases 10.0%/6/yrs | Pop 5Mi 18,104 |
| Lot/AC 0.85 | Options 4/5yrs/10% | AHHI 5Mi $85,498 |
| | |
Brand new 2024 Chipotle construction with Chipotlane drive-thru
10-year corporate net lease commencing October 23, 2024
Tenant responsible for all expenses except roof and structure
10% rent increases every 5 years including option periods
Four five-year renewal options extending potential lease to 30 years
Hard corner signalized intersection along US-101 with 21,300 vehicles daily
Surrounded by Safeway, Home Depot, Starbucks, McDonald’s, and other national retailers
Five-mile trade area population of 18,104 with $85,498 average household income
The Chipotle – Crescent City, CA is strategically located along L Street / US-101 in Crescent City, California, with access to a daily traffic count of approximately 21,300 vehicles. The site is surrounded by major national retailers including Safeway, Home Depot, Tractor Supply, Grocery Outlet, etc, driving consistent consumer traffic to the area. The property is located near several schools,...
...New construction
Signalized intersection
Major thoroughfare
Near major nationals
Strong demographics
Business growth area
Brand new lease
Strong sales history
Over 2000 units backed
Corporate Guarantee
Chipotle Mexican Grill, Inc., or “Chipotle”, is an American chain of fast-casual restaurants in the U.S., United Kingdom, Canada, Germany, and France. The Fortune 500 company...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
