loader
Join Free
Views: 177 DOM: 39 Updated: 11.08.24 Posted: 10.24.24 Status: Active

Summary

Price $3,448,000
Built/Renov 2024
Tenant Chipotle Mexican Grill
Cap Rate 4.35%
Lease Type NN+
Guarantor Corp Traded
Size/SF 2,325
Lease Start 12-01-2024
#Units 3,437
Price/SF $1,483.01
Expiration 11-30-2039
Tenant Type Fast Casual/Rest.
NOI $150,000
R. Term 15.0
Ownership Fee Simple
Rent/SF $64.52
Increases 10.0%/5/yrs
Pop 5Mi 388,980
Lot/AC 0.63
Options 4/5yrs/10%
AHHI 5Mi $102,323

Lease Highlights

  • Brand new 2024 construction | 20-year roof guarantee
  • New 15-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease (NYSE: CMG)

Location Description

Chipotle Mexican Grill is strategically located on E. Warm Springs Road, with access to 33,900 vehicles passing by daily. The property is conveniently situated south of Harry Reid International Airport and only 2 miles from the world-famous Las Vegas Strip, which attracts over 42 million visitors each year. The surrounding area features notable national retailers including Walmart, Albertsons,...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity