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Restaurant

Chipotle & Tasty Pot

1000 Juan Tabo Blvd, Albuquerque, NM 87112

Listing Price: $3,702,552

Cap Rate
5.50%
Tenant Name
Chipotle Mexican Grill, Inc. & TastyYummyYoda, LLC
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
8,200
Lease Type
Double Net
Rent Per Square Feet
$24.83

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.

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

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Restaurant

Chipotle & Tasty Pot

Listing Price: $3,702,552

Cap Rate
5.50%
Tenant Name
Chipotle Mexican Grill, Inc. & TastyYummyYoda, LLC
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
8,200
Lease Type
Double Net
Rent Per Square Feet
$24.83

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.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

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