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Views: 97 DOM: 134 Updated: 11.08.24 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 14.8
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 increases every 5 years
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease (NYSE: CMG)

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...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,177 24,157 78,974
2024 Total Population : 2,140 23,465 76,565
2024 Employed Civilian Pop : 226 9,818 39,544
2024 Total Businesses : 159 596 1,736
2024 Average Household Income : $ 67,586 $ 108,121 $ 141,298
2024 Total Consumer Spending : $ 78 M $ 980 M $ 3414 M
2024 Median Age : 76 55 42
2024 Total Households : 1,327 10,398 27,980
2024 Pop Age 25+: Bachelor's Degree : 497 4,470 16,496
2024 Average Home Value : $ 357,905 $ 348,752 $ 356,012
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Rte 47 Oak Creek Pkwy 2013 21,200 0.09 mi
Powers Rd State Hwy47 2014 700 0.29 mi
IL 47 2021 27,500 0.33 mi
State Rte 47 Princeton Dr 2013 21,200 0.41 mi
del Webb Blvd Windy Prairie Dr 2014 5,850 0.44 mi
State Rte 47 Oak Creek Pkwy 2013 21,200 0.49 mi
Powers Rd Ridgefield Blvd 2014 750 0.73 mi
State Rte 47 Kreutzer Rd 2013 21,200 0.75 mi
Jim Dhamer Drive State Hwy47 2018 2,200 0.81 mi
Jim Dhamer Drive 2018 2,200 0.81 mi

Listing Broker

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