Chipotle Mexican Grill

8206 North Interstate 35, San Antonio, TX 78218

$3,793,103

Cap Rate 4.35%

DOM: 190 Updated: 11.28.23 Posted: 04.11.23 Status: Sold 10.18.23

Summary

Price $3,793,103	Built/Renov 2023	Tenant Chipotle Mexican Grill
Cap Rate 4.35%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 2,325	Lease Start 07-01-2023	#Units 3,224
Price/SF $1,631.44	Expiration 06-30-2038	Tenant Type Fast Casual/Rest.
NOI $165,000	R. Term 13.1	Ownership Fee Simple
Rent/SF $70.97	Increases 10.0%/5/yrs	Pop 5Mi 105,314
Lot/AC 0.74	Options 4/5yrs/10%	AHHI 5Mi $72,501

Jordan Shtulman

STREAM Capital Partners

Contact

Lease Highlights

Brand-new construction | Completing in 2023
This location will feature new Chipotlane prototype
Tenant signed a new 15-year lease with 4 (5-year) options to extend
Lease features 10% rent increase every 5 years
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Chipotle Mexican Grill, Inc. (NYSE: CMG)

Location Description

This newly constructed Chipotle is situated directly off of Interstate 35 (at exit 166A), along NE Interstate 410 Loop, which boasts over 150,000 vehicles per day. This location will feature the new “Chipotlane” prototype. Other major tenants in the area include Home Depot, Office Depot, PetSmart, Olive Garden among others, increasing consumer draw to the overall trade area. In addition to the...

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Key Features

New construction
New prototype
Freeway visibility
Highway location
Dense 100M+ pop 5 mi
Top 100 MSA
Income tax free state
Brand new lease
Absolute NNN
Corporate Guarantee

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Links

Chipotle Wikipedia Chipotle Wkipedia San Antonio, Texas Zip Code 78239 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,637	102,803	294,389
2023 Total Population :	8,771	101,803	292,149
2023 Employed Civilian Pop :	3,606	48,101	140,428
2023 Total Businesses :	768	4,089	9,992
2023 Average Household Income :	$ 67,101	$ 74,057	$ 90,269
2023 Total Consumer Spending :	$ 197 M	$ 2613 M	$ 8584 M
2023 Median Age :	39	37	37
2023 Total Households :	3,378	40,447	109,959
2023 Pop Age 25+: Bachelor's Degree :	1,081	11,107	38,108
2023 Average Home Value :	$ 209,361	$ 224,806	$ 260,745

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Fourwinds Dr	Walzem Rd	2010	8,610	0.13 mi
Walzem Road	Fourwinds Dr	2021	36,808	0.15 mi
Interstate 35 North	Center PkBlvd	2021	31,515	0.18 mi
Windsor Cross	Windsor Hill	2010	2,490	0.18 mi
Walzem Rd	Windsor Cross	2013	37,185	0.20 mi
North Pan Am Expressway	I- 35 Access Rd	2021	167,299	0.21 mi
North Pan Am Expressway	Fratt Dr	2020	174,649	0.21 mi
Walzem Rd	I- 35 Access Rd	2011	17,493	0.22 mi
Fratt Dr	Fratt Rd	2011	906	0.25 mi
Interstate 35 North	Access Rd	2021	19,312	0.25 mi

Listing Broker

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