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Views: 24 DOM: 33 Updated: 09.12.24 Posted: 08.14.24 Status: Active

Summary

Price $2,051,000
Built/Renov 2024
Tenant Chipotle Mexican Grill
Cap Rate 5.50%
Lease Type NN+
Guarantor Corp Traded
Size/SF 2,350
Lease Start 08-16-2024
#Units 3,437
Price/SF $872.77
Expiration 08-31-2039
Tenant Type Fast Casual/Rest.
NOI $112,800
R. Term 14.11
Ownership Fee Simple
Rent/SF $48.00
Increases 10.0%/5/yrs
Pop 5Mi 75,981
Lot/AC 1.29
Options 4/5yrs/10%
AHHI 5Mi $133,775

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Chipotle Mexican Grill is strategically located at the signalized, hard corner intersection of U.S. Route 47 and Huntley Crossing Drive, with access to a combined daily traffic count of 27,500 vehicles. The property offers excellent visibility and multiple access points and is surrounded by well-known national tenants, including Walmart Supercenter, Aldi, Jewel-Osco, Amazon, Walgreens, and...

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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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