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Views: 24 DOM: 19 Updated: 10.12.24 Posted: 10.12.24 Status: Active

Summary

Price $1,885,704
Built/Renov 2013
Tenant Chipotle Mexican Grill
Cap Rate 5.75%
Lease Type NN+
Guarantor Corp Traded
Size/SF 2,370
Lease Start 01-11-2014
#Units 3,437
Price/SF $795.66
Expiration 07-31-2035
Tenant Type Fast Casual/Rest.
NOI $108,428
R. Term 10.9
Ownership Fee Simple
Rent/SF $45.75
Increases 10.0%/5/yrs
Pop 5Mi 275,506
Lot/AC 0.92
Options 2/5yrs/10%
AHHI 5Mi $102,678

Lease Highlights

  • Chipotle Mexican Grill has 10+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease (NYSE: CMG)

Location Description

Chipotle Mexican Grill is strategically located on S Cicero Avenue, with access to 38,300 vehicles passing by daily. The property enjoys excellent visibility with a direct access point just off I-294, which sees over 133,000 VPD. The immediate area features prominent national retailers, including Walmart Supercenter, Target, Menards, Chick-fil-A, Wendy’s, Walgreens, and more. The 5-mile trade...

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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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