loader
Join Free
Views: 103 DOM: 177 Updated: 02.16.24 Posted: 06.18.23 Status: Sold 12.12.23

Summary

Price $2,863,636 $2,965,000
Built/Renov 2023
Tenant Chipotle Mexican Grill
Cap Rate 4.40% 4.25%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,325
Lease Start 07-01-2023
#Units 3,437
Price/SF $1,231.67 $1,275.27
Expiration 07-01-2038
Tenant Type Fast Casual/Rest.
NOI $126,000
R. Term 13.7
Ownership Fee Simple
Rent/SF $54.19
Increases 10.0%/5/yrs
Pop 5Mi 79,088
Lot/AC 0.94
Options 4/5yrs/10%
AHHI 5Mi $83,776

Lease Highlights

  • Brand new 2023 construction
  • Chipotle recently signed a brand new 15-year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases 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 2,325 square foot Chipotle is situated at the signalized, hard corner intersection of Vintage Alcoa Way and US Hwy 129 with access to 53,400 vehicles per day. The subject property has excellent visibility via street frontage and multiple points of access, providing ease and convenience for customers. The asset is part of a larger development that will feature over 16,800...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,031 45,779 80,265
2023 Total Population : 4,707 44,627 78,042
2023 Employed Civilian Pop : 1,901 20,436 36,016
2023 Total Businesses : 497 2,013 2,745
2023 Average Household Income : $ 66,180 $ 79,257 $ 83,291
2023 Total Consumer Spending : $ 125 M $ 1241 M $ 2278 M
2023 Median Age : 42 41 43
2023 Total Households : 2,174 17,921 31,372
2023 Pop Age 25+: Bachelor's Degree : 592 6,118 10,415
2023 Average Home Value : $ 292,241 $ 286,950 $ 307,413
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US Hwy 129 W Bessemer St 2005 43,600 0.20 mi
Mall Rd 2022 46,372 0.23 mi
W Bessemer St 2021 43,489 0.23 mi
Osley Dr 2021 33,857 0.35 mi
Hamilton Crossing Drive Seahorn St 2022 4,352 0.35 mi
US Hwy 129 Louisville Rd 2005 37,110 0.42 mi
Foch Street Hwy 129 2022 4,495 0.44 mi
West Bessemer Street Louisville Rd 2022 16,908 0.45 mi
W. BESSEMER ST. Louisville Rd 2021 18,422 0.45 mi
North Calderwood Street Louisville Rd 2022 19,333 0.52 mi

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