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Views: 109 DOM: 113 Updated: 10.15.24 Posted: 08.30.24 Status: Active

Summary

Price $4,600,000
Built/Renov 2024
Tenant Chipotle Mexican Grill
Cap Rate 4.50%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,313
Lease Start 07-30-2024
#Units 3,437
Price/SF $1,988.76
Expiration 07-31-2039
Tenant Type Fast Casual/Rest.
NOI $207,000
R. Term 14.7
Ownership Fee Simple
Rent/SF $89.49
Increases 10.0%/5/yrs
Pop 5Mi 128,818
Lot/AC 0.68
Options 4/5yrs/10%
AHHI 5Mi $106,367

Lease Highlights

  • Brand new 2024 construction
  • Chipotle Mexican Grill has 14+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Chipotle Mexican Grill is strategically located at the hard corner intersection of NorthTower Road and East Maxwell Place, with access to a daily traffic count of 24,948 vehicles. The property is situated in a prime retail location with over 20,000 new residential units in the development pipeline. Additionally, it is surrounded by top-performing, well-known national tenants according to...

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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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