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Views: 142 DOM: 57 Updated: 11.08.24 Posted: 09.25.24 Status: Contract 11.15.24

Summary

Price $2,314,000
Built/Renov 2023
Tenant Chipotle Mexican Grill
Cap Rate 5.50%
Lease Type NN+
Guarantor Corp Traded
Size/SF 2,325
Lease Start 05-16-2023
#Units 3,437
Price/SF $995.27
Expiration 05-31-2038
Tenant Type Fast Casual/Rest.
NOI $127,294
R. Term 13.6
Ownership Fee Simple
Rent/SF $54.75
Increases 10.0%/5/yrs
Pop 5Mi 201,462
Lot/AC 0.62
Options 4/5yrs/10%
AHHI 5Mi $76,360

Lease Highlights

  • New 2023 construction
  • 13+ years remaining on the current lease term 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 on Linden Avenue, with access to 10,368 vehicles passing by daily. The property enjoys high visibility from US-35, which experiences 70,410 VPD, and is just minutes away from the University of Dayton, Wright State University, and several K-12 schools serving over 10,000 students. The site is 2 miles from Research Park, which houses the new GE...

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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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Listing Broker

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