Chipotle Mexican Grill

410 Dixieland Road, Harlingen, TX 78552

$2,406,000

Cap Rate 5.35%

Views: 132 DOM: 81 Updated: 10.25.24 Posted: 10.01.24 Status: Active

Summary

Price $2,406,000	Built/Renov 2016	Tenant Chipotle Mexican Grill
Cap Rate 5.35%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 2,392	Lease Start 09-29-2016	#Units 3,437
Price/SF $1,005.85	Expiration 09-30-2031	Tenant Type Fast Casual/Rest.
NOI $128,700	R. Term 6.9	Ownership Fee Simple
Rent/SF $53.80	Increases 10.0%/2/yrs	Pop 5Mi 98,596
Lot/AC 0.42	Options 4/5yrs/10%	AHHI 5Mi $82,243

Edward Benton

Secure Net Lease

Contact

Lease Highlights

15-year corporate lease (6 years remaining) with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years in both the primary term and renewal option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease (NYSE: CMG)

Location Description

Chipotle Mexican Grill is strategically located on Dixieland Road, with access to 17,752 vehicles passing by daily. The property boasts excellent visibility and access to Expressway 83, which sees 112,000 VPD. The surrounding area features prominent national tenants, including Wendy's, Burger King, Pizza Hut, 7-Eleven, Buffalo Wild Wings, and more. The 5-mile trade area serves a population of...

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Key Features

Dense retail corridor
Near major nationals
Freeway close
Strong tenant synergy
Major MSA
Income tax free state
Absolute NNN
Over 2000 units backed
Corporate Guarantee
Publicly traded company

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Links

Chipotle Mexican Grill Wikipedia Chipotle Mexican Grill Wikipedia Harlingen, Texas Zip Code 78552 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...

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