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Views: 142 DOM: 76 Updated: 10.31.24 Posted: 09.18.24 Status: Active

Summary

Price $4,033,000
Built/Renov 2024
Tenant Chipotle Mexican Grill
Cap Rate 4.50%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,500
Lease Start 11-01-2024
#Units 3,437
Price/SF $1,613.20
Expiration 10-31-2039
Tenant Type Fast Casual/Rest.
NOI $181,500
R. Term 14.11
Ownership Fee Simple
Rent/SF $72.60
Increases 10.0%/5/yrs
Pop 5Mi 251,651
Lot/AC 0.42
Options 4/5yrs/10%
AHHI 5Mi $91,633

Lease Highlights

  • Brand new 2024 construction
  • 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 option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Chipotle Mexican Grill is strategically located at the signalized, hard corner intersection of Waters Avenue and Henderson Road, with access to a robust combined daily traffic count of 49,000 vehicles. The property is adjacent to a high-traffic Target and Lowe’s-anchored power center and within walking distance of a six-building Class-A business park. Positioned just west of Veterans...

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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...


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Listing Broker

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