loader
Join Free
Views: 104 DOM: 153 Updated: 10.16.24 Posted: 06.21.24 Status: Active

Summary

Price $4,183,000
Built/Renov 2023
Tenant Chipotle Mexican Grill
Cap Rate 4.35%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,493
Lease Start 07-25-2023
#Units 3,437
Price/SF $1,677.90
Expiration 07-31-2038
Tenant Type Fast Casual/Rest.
NOI $182,000
R. Term 13.8
Ownership Fee Simple
Rent/SF $73.00
Increases 10.0%/5/yrs
Pop 5Mi 33,262
Lot/AC 0.94
Options 4/5yrs/10%
AHHI 5Mi $58,489

Lease Highlights

  • New 2023 construction
  • Chipotle has 13+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: CMG)

Location Description

Chipotle Mexican Grill is strategically located at the signalized intersection of W. Main Street and US Hwy 41, with access to a substantial combined daily traffic count of 57,200 vehicles. The property is positioned directly across from the brand-new Publix Super Market Plaza Inverness, which includes well-known national tenants including Panera Bread, Mattress One, AT&T, and more....

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,067 20,854 34,649
2024 Total Population : 2,950 20,091 33,372
2024 Employed Civilian Pop : 1,134 7,114 11,445
2024 Total Businesses : 522 1,015 1,339
2024 Average Household Income : $ 60,247 $ 61,845 $ 66,181
2024 Total Consumer Spending : $ 69 M $ 513 M $ 905 M
2024 Median Age : 56 54 55
2024 Total Households : 1,305 9,259 15,274
2024 Pop Age 25+: Bachelor's Degree : 342 1,949 3,282
2024 Average Home Value : $ 290,786 $ 247,955 $ 259,949
*ESRI data is presented for informational purposes only

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity