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Views: 70 DOM: 91 Updated: 12.01.23 Posted: 08.30.23 Status: Sold 11.29.23

Summary

Price $2,585,000 $2,585,000
Built/Renov 2023
Tenant Chipotle Mexican Grill
Cap Rate 5.00% 5.00%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,350
Lease Start 11-01-2023
#Units 3,224
Price/SF $1,100.00 $1,100.00
Expiration 10-31-2038
Tenant Type Fast Casual/Rest.
NOI $129,250
R. Term 14.3
Ownership Fee Simple
Rent/SF $55.00
Increases 10.0%/5/yrs
Pop 5Mi 205,138
Lot/AC 0.77
Options 5/5yrs/10%
AHHI 5Mi $147,663

Lease Highlights

  • Brand new 2023 construction
  • Chipotle recently signed a brand new 15-year lease with 5 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Chipotle Mexican Grill, Inc. (NYSE: CMG)

Location Description

This newly constructed 2,350 square foot Chipotle is strategically located along South Weber Road with access to 33,000 vehicles per day. The site benefits from its location directly across from a Lowe’s anchored shopping center with tenants including Slice Factory, Wendy’s, Olive Garden and Red Lobster. Additional national/credit tenants in the area include Red Robin, Starbucks, Walgreens,...

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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 France, specializing in...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,420 78,198 203,270
2023 Total Population : 11,593 79,617 205,941
2023 Employed Civilian Pop : 6,767 43,186 109,796
2023 Total Businesses : 266 1,790 4,962
2023 Average Household Income : $ 142,270 $ 160,008 $ 154,132
2023 Total Consumer Spending : $ 455 M $ 3491 M $ 9083 M
2023 Median Age : 36 37 38
2023 Total Households : 3,800 25,877 69,849
2023 Pop Age 25+: Bachelor's Degree : 2,418 16,860 42,096
2023 Average Home Value : $ 286,416 $ 364,376 $ 379,564
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Weber Rd Clow International Pkwy 2012 21,500 0.06 mi
107th St Aristocrat Dr 2012 9,100 0.14 mi
Veterans Pkwy Lily Field Ln 2012 10,100 0.24 mi
Weber Rd Clow International Pkwy 2012 29,600 0.33 mi
Weber Rd Wingfield Way 2012 25,200 0.43 mi
Veterans Pkwy Ingleside Dr 2012 10,100 0.45 mi
111th St Bradford Pl 2012 18,300 0.63 mi
107th St Picardy Ln 2012 11,500 0.64 mi
Weber Rd Wingfield Way 2012 29,100 0.67 mi
W Boughton Rd N Weber Rd 2012 20,000 0.79 mi

Listing Broker

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