Chipotle

2001 Southeast 28th Street, Topeka, KS 66605

$2,232,000

Cap Rate 5.00%

Views: 90 Updated: 11.28.23 Posted: 10.27.23 Status: Inactive

Summary

Price $2,232,000	Built/Renov 2023	Tenant Chipotle
Cap Rate 5.00%	Lease Type NN+	Guarantor Corp Traded
Size/SF 2,325	Lease Start 06-27-2023	#Units 3,224
Price/SF $960.00	Expiration 06-30-2038	Tenant Type Fast Casual/Rest.
NOI $111,600	R. Term 13.7	Ownership Fee Simple
Rent/SF $48.00	Increases 10.0%/4/yrs	Pop 5Mi 106,572
Lot/AC 0.47	Options 4/5yrs/7.5%	AHHI 5Mi $65,564

Lease Highlights

Brand new 2023 construction
Chipotle recently singed a brand-new 15-year lease with 4 (5-year) options to extend
Lease features 10% rental increase every 5 years throughout the initial term and 7.5% increase at the start of each option
Favorable NN+ lease with landlord responsible for roof and structure | 15-year transferable roof warranty
Corporate guarantee by Chipotle Mexican Grill, Inc. (NYSE: CMG)

Location Description

Chipotle is situated on SE 28th Street, with an average daily traffic count of 12,185 vehicles. In the nearby vicinity, there are several well-known national retailers, including Walmart Supercenter, Ace Hardware, Advance Auto Parts, Arby's, AutoZone, Dollar General, and others. The property is conveniently located only 3 miles from downtown Topeka, the capital of Kansas. Within a 5-mile...

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Key Features

New prototype
Roof guarantee
Dense retail corridor
Shopping Ctr out-parcel
Dense 100M+ pop 5 mi
Brand new lease
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee
Publicly traded company

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Links

Chipotle Mexican Grill Wikipedia Chipotle Mexican Grill Wikipedia Topeka, Kansas Zip Code 66605 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chipotle
Guarantor:Corp Traded
Company:Chipotle Mexican Grill, Inc.
# Units:3,224
Stock: NYSE: CMG

About Tenant

Chipotle Mexican Grill, Inc., (NYSE: CMG) often known simply as Chipotle, is an American chain of fast casual restaurants in the U.S., United Kingdom, Canada, Germany, and France, specializing in...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,093	52,016	103,712
2023 Total Population :	8,257	52,405	104,934
2023 Employed Civilian Pop :	3,551	22,516	47,707
2023 Total Businesses :	151	2,607	4,748
2023 Average Household Income :	$ 54,368	$ 62,104	$ 67,303
2023 Total Consumer Spending :	$ 155 M	$ 1113 M	$ 2563 M
2023 Median Age :	35	36	38
2023 Total Households :	3,249	20,447	43,624
2023 Pop Age 25+: Bachelor's Degree :	430	4,842	12,990
2023 Average Home Value :	$ 114,579	$ 132,463	$ 147,483

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Southeast California Avenue	SE 28th St	2018	12,650	0.02 mi
	SE 27th St	2021	13,802	0.12 mi
	SE 27th St	2021	13,802	0.12 mi
Southeast 29th Street	SE Maryland Ave	2021	13,381	0.28 mi
Southeast California Avenue	SE 26th St	2018	12,650	0.30 mi
	SE Minnesota Ave	2021	2,599	0.45 mi
	SE Minnesota Ave	2021	2,599	0.45 mi
	SE Burr St	2021	1,540	0.46 mi
	SE Burr St	2021	1,540	0.46 mi
Southeast 29th Street	SE Illinois Ave	2018	12,660	0.48 mi

Listing Broker

Bill Asher

Hanley Investment Group

Contact

151 Listings
16580 Views
63 Sold

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
16165 Views
65 Sold

Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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