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Views: 107 DOM: 45 Updated: 08.22.24 Posted: 08.02.24 Status: Active

Summary

Price $4,442,000
Built/Renov 2024
Tenant Chipotle Mexican Grill
Cap Rate 4.30%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,489
Lease Start 01-01-2025
#Units 3,437
Price/SF $1,784.65
Expiration 01-01-2045
Tenant Type Fast Casual/Rest.
NOI $191,000
R. Term 20.3
Ownership Fee Simple
Rent/SF $76.74
Increases 10.0%/5/yrs
Pop 5Mi 107,659
Lot/AC 0.59
Options 4/5yrs/10%
AHHI 5Mi $77,434

Lease Highlights

  • Brand-new 2024 construction
  • New 20-year lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Chipotle Mexican Grill is strategically located on County Line Road, offering excellent visibility and multiple points of ingress/egress with access to 20,000 vehicles passing by daily. The property is part of Seven Hills Center, a neighborhood center anchored by Publix that features well-known national tenants such as Starbucks, UPS, Mavis, and more. Additionally, it is half a mile west of...

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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 specializes in...


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Listing Broker

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