loader
Join Free
Views: 108 DOM: 207 Updated: 10.29.24 Posted: 05.28.24 Status: Active

Summary

Price $4,590,000
Built/Renov 2024
Tenant Chipotle Mexican Grill (GL)
Cap Rate 4.25%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,325
Lease Start 09-01-2024
#Units 3,437
Price/SF $1,974.19
Expiration 08-31-2039
Tenant Type Fast Casual/Rest.
NOI $195,000
R. Term 14.8
Ownership Ground Lease
Rent/SF $83.87
Increases 10.0%/5/yrs
Pop 5Mi 87,463
Lot/AC 1.11
Options 4/5yrs/10%
AHHI 5Mi $103,707

Lease Highlights

  • Brand new 2024 construction
  • Chipotle will be executing a brand new 15-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: CMG)

Location Description

Chipotle Mexican Grill is strategically located at the signalized, hard corner intersection of Sunrise Boulevard and Douglas Road, with access to a combined daily traffic count of 44,000 vehicles. The property is adjacent to future retail developments and surrounded by well-known national tenants, including Raley’s (ranked in the top 32% in the chain, per Placer.ai), Chase Bank, Cold Stone...

...

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 specializes in...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 6,301 34,990 99,643
2024 Total Population : 5,690 32,359 96,041
2024 Employed Civilian Pop : 2,661 15,542 45,795
2024 Total Businesses : 174 1,325 4,677
2024 Average Household Income : $ 182,352 $ 175,237 $ 125,160
2024 Total Consumer Spending : $ 235 M $ 1500 M $ 3654 M
2024 Median Age : 36 37 38
2024 Total Households : 1,521 10,053 33,681
2024 Pop Age 25+: Bachelor's Degree : 1,226 6,922 16,474
2024 Average Home Value : $ 619,627 $ 619,468 $ 551,989
*ESRI data is presented for informational purposes only

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