Chipotle

1800 Gallatin Pike North, Madison, TN 37115

$2,940,000

Cap Rate 4.00%

Updated: 01.14.24 Posted: 01.19.23 Status: Inactive 03.20.24

Summary

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 11.0	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....

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Key Features

New construction
High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Dense 100M+ pop 5 mi
Top 100 MSA
Income tax free state
Absolute NNN
Corporate Guarantee
Publicly traded company

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Links

Chipotle Wikipedia Chipotle Wikipedia Madison, Tennessee Zip Code 37115 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chipotle Mexican Grill
Guarantor:Corp Traded
Company:Chipotle Mexican Grill, Inc.
# Units:3,437
Stock: NYSE: CMG

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...

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Demographics

	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

Traffic

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

Jonathan Wolfe

STREAM Capital Partners

Contact

10 Listings
1487 Views
5 Sold

Connor Shell

STREAM Capital Partners

Contact

55 Listings
11615 Views
16 Sold

Jonathan Wolfe

Jonathan Wolfe is Co-Founder and Managing Principal of STREAM Capital Partners. In 2012, Jonathan Wolfe and his partner, Jordan Shtulman, formed STREAM Capital Partners with the intent to advise institutions, real estate developers, REITs, private equity firms, and business owners on all phases of net leased and sale leaseback properties. Since forming the company, Jordan and Jonathan have led a team of trusted advisors across the country completing over $12 Billion in net leased and sale lease

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Connor Shell

Connor Shell joined STREAM Capital Partners in 2017 as Managing Director expanding our footprint further into Southern California and bringing 8 years of expertise to this area with a long-standing development and investment history. While at STREAM Capital Partners, Connor has grown his transaction footprint, closing deals with major retail developers and private owners throughout the United States. He has developed and strengthened his relationships with private owners, family offices, inst

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Jordan Shtulman

STREAM Capital Partners

Contact

75 Listings
13072 Views
38 Sold

Jordan Shtulman

Jordan Shtulman is Co-Founder and Managing Principal of STREAM Capital Partners. In 2012, Jordan Shtulman and his partner, Jonathan Wolfe, formed STREAM Capital Partners with the intent to advise institutions, real estate developers, REITs, private equity firms, and business owners on all phases of net leased and sale leaseback properties. Since forming the company, Jordan and Jonathan have led a team of trusted advisors across the country completing over $12 Billion in net leased and sale leas

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