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Views: 83 Updated: 01.14.24 Posted: 01.19.23 Status: Inactive 03.20.24


Price $2,940,000
Built/Renov 2021
Tenant Chipotle
Cap Rate 4.00%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,325
Lease Start 05-01-2021
#Units 3,437
Price/SF $1,264.52
Expiration 04-30-2036
Tenant Type Fast Casual/Rest.
NOI $117,600
R. Term 11.11
Ownership Fee Simple
Rent/SF $50.58
Increases 10.0%/3/yrs
Pop 5Mi 109,324
Lot/AC 0.70
Options 4/5yrs/10%
AHHI 5Mi $76,859

Lease Highlights

  • Chipotle has been operating in this location since 2021
  • The tenant has over 12 years remaining on its current lease term with 4 (5-year) options to extend
  • The lease features 10% rent increases every 5 years throughout the initial term and at each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by Chipotle Mexican Grill, Inc. (NYSE: CMG) 

Location Description

Chipotle is strategically located near the signalized, hard corner intersection of Rivergate Parkway and Gallatin Parkway North which sees a combined 67,500 vehicles per day. The property is ideally situated within a major retail corridor with nearby national tenants such as Home Depot, Office Depot, TJ Maxx, Dollar Tree, Walgreens, Jared, Target, Bed, Bath & Beyond, JC Penny and many others....



  • 1 Mile
  • 3 Miles
  • 5 Miles


About Tenant

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...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,998 43,363 111,575
2023 Total Population : 5,992 43,083 108,864
2023 Employed Civilian Pop : 3,242 22,113 57,299
2023 Total Businesses : 591 1,979 4,004
2023 Average Household Income : $ 72,040 $ 71,665 $ 82,719
2023 Total Consumer Spending : $ 174 M $ 1150 M $ 3291 M
2023 Median Age : 37 37 40
2023 Total Households : 2,755 18,340 45,761
2023 Pop Age 25+: Bachelor's Degree : 814 5,770 16,539
2023 Average Home Value : $ 293,874 $ 327,510 $ 360,292
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Gallatin Pike Riverchase Blvd 2022 31,639 0.17 mi
US 31E Cude Ln 2021 35,496 0.17 mi
US 31E Alta Loma Rd 2021 26,747 0.32 mi
Rivergate Parkway Wren Rd 2022 26,667 0.44 mi
Gallatin Pike N Twin Hills Dr 2013 31,803 0.44 mi
Alta Loma Road Monticello Ave 2022 8,540 0.57 mi
Vietnam Veterans Boulevard Vietnam Veterans Blvd 2018 72,229 0.59 mi
Rivergate Dr 2022 17,752 0.60 mi
Vietnam Veterans Blvd 2022 4,827 0.64 mi
Vietnam Veterans Blvd Vietnam Veterans Blvd 2022 71,778 0.65 mi

Listing Broker

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