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Views: 51 DOM: 28 Updated: 11.08.24 Posted: 10.24.24 Status: Active

Summary

Price $3,563,000
Built/Renov 2024
Tenant Chipotle Mexican Grill
Cap Rate 4.35%
Lease Type Double NN
Guarantor Corp Traded
Size/SF 2,325
Lease Start 12-01-2024
#Units 3,437
Price/SF $1,532.47
Expiration 11-30-2039
Tenant Type Fast Casual/Rest.
NOI $155,000
R. Term 15.0
Ownership Fee Simple
Rent/SF $66.67
Increases 10.0%/5/yrs
Pop 5Mi 216,657
Lot/AC 0.00
Options 4/5yrs/10%
AHHI 5Mi $125,490

Lease Highlights

  • Brand new 2024 construction | 20-year roof guarantee
  • 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 at the start of each option period
  • Corporate guaranteed lease (NYSE: CMG)

Location Description

Chipotle Mexican Grill is strategically located at the signalized, hard corner intersection of N Buffalo Drive and W Grand Teton Drive, with access to a combined daily traffic count of 10,000 vehicles. The property is situated directly across the street from Arbor View High School, which has an enrollment of over 3,500 students. The surrounding area includes prominent national retailers such...

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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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