Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a newly constructed 2,400-square-foot restaurant (the Property) in which Chipotle has just executed a new 15-year double net lease. The brand new 2022 construction features Chipotle’s latest “Chipotlane” prototype design and includes a 475-square-foot patio and single-lane drive-through wrapping the north end of the Property. The corporately guaranteed lease also features 10% rent increases throughout the firm term and in each of the four, five-year renewal options to offset inflation. The Property is located on an outparcel to a Tractor Supply Company and sits opposite numerous big-box retailers such as a Walmart Supercenter, Lowe’s, Aldi and PetSmart, as well as other notable retailers including Starbucks, Burger King, Walgreens, Verizon Wireless, Dollar Tree, O’Reilly Auto Parts and numerous others.