Restaurant
Chipotle & Tasty Pot
1000 Juan Tabo Blvd, Albuquerque, NM 87112
Listing Price: $3,702,552
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Chipotle Mexican Grill located at 1000 Juan Tabo Blvd, Albuquerque, NM 87112. The site consists of roughly 2,392 rentable square feet of building space on estimated 1.06-acre parcel of land. Chipotle Mexican Grill is subject to a 15-year double-net (NN) lease, which will commence upon store opening (estimated November 2022). The current annual rent is $93,885 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 4, 5-year renewal options. Marcus & Millichap is pleased to present the exclusive listing for Tasty Pot and Uji Time Desserts located at 1000 Juan Tabo Blvd. The site consists of roughly 5,776 square feet of building space. This Tasty Pot is subject to a 10-year Double-Net (NN) lease, which will commence upon store opening. The current annual rent is $109,754 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 2, 5-year renewal options.
Listing Price: $3,702,552
Investment Highlights
- 2 New Long-Term, 15-Year (Chipotle), 10-Year(Tasty Pot) Double-Net (NN) Leases
- Newly Constructed and Redeveloped Site
- Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Chipotle Mexican Grill located at 1000 Juan Tabo Blvd, Albuquerque, NM 87112. The site consists of roughly 2,392 rentable square feet of building space on estimated 1.06-acre parcel of land. Chipotle Mexican Grill is subject to a 15-year double-net (NN) lease, which will commence upon store opening (estimated November 2022). The current annual rent is $93,885 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 4, 5-year renewal options. Marcus & Millichap is pleased to present the exclusive listing for Tasty Pot and Uji Time Desserts located at 1000 Juan Tabo Blvd. The site consists of roughly 5,776 square feet of building space. This Tasty Pot is subject to a 10-year Double-Net (NN) lease, which will commence upon store opening. The current annual rent is $109,754 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 2, 5-year renewal options.
