| Price $3,181,818 | Built/Renov 2023 | Tenant Chipotle Mexican Grill |
| Cap Rate 5.50% | Lease Type
Double NN | Guarantor Corp Traded |
| Size/SF
2,325
| Lease Start
12-30-2023
| #Units
3,437
|
| Price/SF $1,368.52 | Expiration
12-31-2038
| Tenant Type Fast Casual/Rest. |
| NOI $175,000 | R. Term 14.7 | Ownership Fee Simple |
| Rent/SF
$75.27
| Increases 10.0%/5/yrs | Pop 5Mi 139,754 |
| Lot/AC 0.85 | Options 3/5yrs/10% | AHHI 5Mi $132,316 |
| | |
Chipotle is strategically positioned on Blaine Ave, which has a daily traffic count of 14,900 vehicles. The property is conveniently located near U.S. Highway 52, where daily traffic averages 55,855 vehicles, and it’s in close proximity to I-494, with a daily traffic count averaging 109,856 vehicles. The surrounding area boasts a variety of neighboring retailers, including HealthPartners, Key...
...New construction
Near major nationals
Strategically located
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Corporate Guarantee
Publicly traded company
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 10,695 | 62,211 | 144,657 |
| 2023 Total Population : | 10,531 | 60,378 | 141,155 |
| 2023 Employed Civilian Pop : | 5,440 | 31,137 | 74,465 |
| 2023 Total Businesses : | 250 | 1,804 | 3,858 |
| 2023 Average Household Income : | $ 97,687 | $ 97,501 | $ 116,160 |
| 2023 Total Consumer Spending : | $ 385 M | $ 2127 M | $ 5593 M |
| 2023 Median Age : | 37 | 41 | 40 |
| 2023 Total Households : | 4,528 | 25,296 | 56,168 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,315 | 10,766 | 27,369 |
| 2023 Average Home Value : | $ 336,731 | $ 359,906 | $ 385,525 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Blaine Avenue | Upper 55th St E | 2022 | 5,700 | 0.02 mi |
| Upper 55th Street East | Cenex Dr | 2022 | 9,200 | 0.11 mi |
| Upper 55th St E | Blackshire Path | 2019 | 9,200 | 0.15 mi |
| Blaine Avenue East | Blackshire Path | 2022 | 4,900 | 0.15 mi |
| Upper 55th St E | Blackshire Path | 2014 | 8,900 | 0.16 mi |
| Blaine Ave | Bovey Ave E | 2019 | 5,700 | 0.21 mi |
| Bishop Ave | 2022 | 4,383 | 0.24 mi | |
| Upper 55th St E | 2022 | 59,199 | 0.27 mi | |
| Upper 55th St E | 2022 | 4,954 | 0.32 mi | |
| Blackberry Trl E | 2022 | 1,620 | 0.33 mi |
Vineland, NJ
Cap Rate 5.10%
Lease NN+
R. Term 15.00 yrs
Size/SF 2,325
Charleston, IL
Cap Rate 6.00%
Lease Abs NNN
R. Term 20.60 yrs
Size/SF 1,227
Mesa, AZ
Cap Rate 5.40%
Lease NN+
R. Term 9.50 yrs
Size/SF 2,962
Dickson, TN
Cap Rate 5.00%
Lease Abs NNN
R. Term 8.80 yrs
Size/SF 1,225
San Bernardino, CA
Cap Rate 5.75%
Lease NN+
R. Term 14.00 yrs
Size/SF 2,336
Mishawaka, IN
Cap Rate 5.30%
Lease Abs NNN
R. Term 14.60 yrs
Size/SF 2,350
Las Vegas, NV
Cap Rate 4.61%
Lease Abs NNN
R. Term 13.60 yrs
Size/SF 3,658
Evergreen Park, IL
Cap Rate 5.90%
Lease NN+
R. Term 14.70 yrs
Size/SF 2,400
Columbia, SC
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.50 yrs
Size/SF 4,003
Linden, NJ
Cap Rate 5.50%
Lease Abs NNN
R. Term 12.40 yrs
Size/SF 6,000
Caldwell, ID
Cap Rate 5.00%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 2,682
Snellville, GA
Cap Rate 5.41%
Lease Abs NNN
R. Term 7.30 yrs
Size/SF 3,332
Northfield, OH
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 5,555
Waldorf, MD
Cap Rate 4.50%
Lease Abs NNN
R. Term 12.60 yrs
Size/SF 4,999
Aurora, CO
Cap Rate 5.50%
Lease Abs NNN
R. Term 15.70 yrs
Size/SF 3,337
Corona, CA
Cap Rate 4.50%
Lease NN+
R. Term 8.00 yrs
Size/SF 2,533
Henderson, NV
Cap Rate 5.50%
Lease Abs NNN
R. Term 10.10 yrs
Size/SF 2,399
Noblesville, IN
Cap Rate 4.50%
Lease Abs NNN
R. Term 13.80 yrs
Size/SF 3,568
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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