Chipotle Mexican Grill

5005 Cleveland Blvd, Caldwell, ID 83605

$2,883,000

Cap Rate 5.00%

Views: 35 DOM: 92 Updated: 04.25.24 Posted: 02.15.24 Status: Active

Summary

Price $2,883,000	Built/Renov 2015/2023	Tenant Chipotle Mexican Grill
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 2,682	Lease Start 06-01-2024	#Units 3,437
Price/SF $1,074.94	Expiration 05-31-2039	Tenant Type Fast Casual/Rest.
NOI $144,158	R. Term 15.0	Ownership Fee Simple
Rent/SF $53.75	Increases 10.0%/5/yrs	Pop 5Mi 111,339
Lot/AC 0.64	Options 4/5yrs/10%	AHHI 5Mi $84,271

Lease Highlights

Chipotle will be executing a brand-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 each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Chipotle is strategically located at the signalized, hard corner intersection of E. Ustick Rd. and Cleveland Blvd., with access to a combined daily traffic count of 31,500 vehicles. The property is situated within the Coldwell Commons shopping center, featuring national tenants such as Dollar Tree, Freddy’s Steakburgers, Subway, Sherwin Williams, and more. Additional nearby points of interest...

...

Key Features

Signalized intersection
Recent renovation
Dense retail corridor
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Brand new lease
Absolute NNN
Corporate Guarantee
Publicly traded company

...

Links

Chipotle Mexican Grill Wikipedia Chipotle Mexican Grill Wikipedia Caldwell, Idaho Zip Code 83605 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chipotle Mexican Grill
Guarantor:Corp Traded
Company:Chipotle Mexican Grill, Inc.
# Units:3,437
Stock: NYSE: CMG

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 :	7,257	72,191	124,223
2023 Total Population :	7,240	64,084	112,550
2023 Employed Civilian Pop :	3,300	28,179	48,813
2023 Total Businesses :	234	1,386	2,749
2023 Average Household Income :	$ 75,693	$ 85,732	$ 84,324
2023 Total Consumer Spending :	$ 140 M	$ 1521 M	$ 2743 M
2023 Median Age :	29	31	32
2023 Total Households :	2,135	20,368	37,288
2023 Pop Age 25+: Bachelor's Degree :	530	5,696	10,618
2023 Average Home Value :	$ 311,337	$ 337,602	$ 347,419

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
East Ustick Road	I- 84 Bus	2018	10,000	0.10 mi
Cleveland Boulevard	Tates Way	2019	21,500	0.14 mi
East Ustick Road	Eaton Ave	2019	10,000	0.20 mi
Cleveland Boulevard	I- 84 Bus	2018	20,000	0.24 mi
East Ustick Road	Crow Dr	2019	8,500	0.37 mi
South Lake Avenue	Everett St	2018	2,400	0.42 mi
Lake Avenue	Hickman St	2018	3,700	0.50 mi
South 43rd Avenue	S Lake St	2019	230	0.52 mi
Aviation Way	Bannock Dr	2019	880	0.54 mi
Laster Lane	Winston St	2019	510	0.62 mi

Listing Broker

Adam Malan

Colliers

Contact

7 Listings
162 Views
1 Sold

Deana Marcello

Colliers

Contact

7 Listings
162 Views
1 Sold

Adam Malan

Adam is a Vice Chairman with Colliers International with over 20 years of commercial real estate experience. Adam has been a Las Vegas resident since 1988 and has deeply rooted connections within the real estate and business development community, maintaining strong political ties in Las Vegas, North Las Vegas, Henderson, and Clark County municipalities. His focus at Colliers is developing and maintaining relationships with private and institutional buyers and sellers on a national scale. Ad

...

Deana Marcello

Deana is a 3rd-generation Real Estate professional and a recognized leader in the commercial real estate industry. Deana serves as an Executive Vice President at Colliers where she focuses on the stabilization and disposition of assets and implementing strategic planning to maximize value for her clients. Deana proudly followed her father’s footsteps and developed a passion for real estate through her work. A Rhode Island native, Deana is a 23-year resident of Las Vegas who brings over 13 ye

...

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