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Views: 292 DOM: 170 Updated: 10.25.24 Posted: 07.04.24 Status: Active

Summary

Price $3,512,000
Built/Renov 2024
Tenant Chipotle Mexican Grill
Cap Rate 4.50%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,325
Lease Start 10-01-2024
#Units 3,437
Price/SF $1,510.54
Expiration 10-01-2039
Tenant Type Fast Casual/Rest.
NOI $158,000
R. Term 14.9
Ownership Fee Simple
Rent/SF $67.96
Increases 10.0%/5/yrs
Pop 5Mi 343,054
Lot/AC 0.99
Options 4/5yrs/10%
AHHI 5Mi $102,446

Lease Highlights

  • Brand new 2024 construction
  • New 15-year lease with 4 (5-year) options to extend
  • 10% rental increases every 5 years in primary term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: CMG)

Location Description

Chipotle Mexican Grill is strategically located on S Collins Street, with access to 29,400 vehicles passing by daily. The property is conveniently situated just off I-20, which sees 172,500 VPD. Several new developments are adjacent to the site, including a Murphy Express, Dutch Bros, and a new A-Loft Hotel. It is near Arlington Airport and less than 12 miles from Dallas Fort Worth...

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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 : 7,197 141,348 349,880
2024 Total Population : 7,294 140,529 344,260
2024 Employed Civilian Pop : 4,323 76,798 183,219
2024 Total Businesses : 354 4,662 10,961
2024 Average Household Income : $ 80,594 $ 88,025 $ 97,831
2024 Total Consumer Spending : $ 199 M $ 3775 M $ 10001 M
2024 Median Age : 33 34 34
2024 Total Households : 2,756 48,032 115,260
2024 Pop Age 25+: Bachelor's Degree : 730 16,742 48,124
2024 Average Home Value : $ 301,505 $ 304,576 $ 342,636
*ESRI data is presented for informational purposes only

Listing Broker

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