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Views: 5 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
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 14.6
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

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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Maps

  • 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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