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Views: 117 DOM: 184 Updated: 11.25.24 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 13.7
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 every 5 years 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....

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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 : 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

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