Chipotle Mexican Grill

7406 Lee Highway, Radford, VA 24141

$2,419,048

Cap Rate 5.25%

Views: 71 DOM: 109 Updated: 11.11.24 Posted: 09.03.24 Status: Active

Summary

Price $2,419,048	Built/Renov 2022	Tenant Chipotle Mexican Grill
Cap Rate 5.25%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 2,742	Lease Start 12-22-2022	#Units 3,437
Price/SF $882.22	Expiration 12-31-2037	Tenant Type Fast Casual/Rest.
NOI $127,000	R. Term 13.0	Ownership Fee Simple
Rent/SF $46.32	Increases 10.0%/5/yrs	Pop 5Mi 26,764
Lot/AC 0.75	Options 4/5yrs/10%	AHHI 5Mi $73,987

Lease Highlights

New 2022 construction
Chipotle Mexican Grill has 13+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years 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 Lee Highway, with access to 27264 vehicles passing by daily. The property is conveniently situated near Kroger and just 2 miles from Radford University, which has an enrollment of 8,000 students. The area features well-known national tenants such as Walmart Supercenter, Lowe's, McDonald's, Starbucks, Bojangles, and more. Key educational...

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Key Features

New construction
Dense retail corridor
Near major nationals
Strategically located
Highway location
University college close
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Publicly traded company

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Links

Chipotle Mexican Grill Wikipedia Chipotle Mexican Grill Wikipedia Radford, Virginia Zip Code 24141 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 specializes in...

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Listing Broker

Jordan Mulloy

Sands Investment Group

Contact

28 Listings
2205 Views
4 Sold

Max Freedman

Sands Investment Group

Contact

60 Listings
5109 Views
8 Sold

Jordan Mulloy

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Jordan represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Jordan's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees arou

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Max Freedman

Max Freedman is a recognized industry leader focused on the Restaurant/C-Store real estate, heads the Austin office and the SIG Restaurant Group. Max is a founding partner and opened the first SIG office in Santa Monica, CA in 2009, with Chris Sands. He has excelled in building the company’s team culture and strategies you see today. Max has a strong team mentality and has had an integral part in recruiting several agents to Sands Investment Group. SIG’s restaurant group consists of nine agen

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Tom Gorman

Sands Investment Group

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16 Listings
1149 Views
1 Sold

Will Schuhmacher

Sands Investment Group

Contact

29 Listings
2572 Views
4 Sold

Tom Gorman

I am a Managing Director with over 15 years of experience in real estate investing and advising. Excellent in leading high-performing brokerage teams, executing complex real estate transactions, and driving significant portfolio growth for clients. Skilled in strategic planning, market analysis, mentoring and coaching, and business development strategy. Knowledgeable in tax efficient commercial real estate investment strategies as well as effective acquisition and disposition of properties. Suc

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Will Schuhmacher

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Will represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Will's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees around t

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