Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a newly constructed 2,361-square-foot restaurant (the Property) in which Chipotle has just executed a new 15-year double net lease. The brand new 2023 construction features Chipotle’s latest “Chipotlane” prototype design and includes a 400-square-foot patio and single-lane drive-through wrapping the northeast side of the Property. The corporately guaranteed lease also features 10% rent increases throughout the firm term and in each of the three, five-year renewal options to offset inflation. The Property is located on an outparcel to the only Walmart in Kenosha County at the hard corner of Green Bay Road and 38th Street with visibility to 38,700 vehicles per day. Other nearby retailers include Sam’s Club, Starbucks, Popeyes, Taco Bell, Jersey Mike’s, Aldi, Burger King, Subway, CVS, McDonald’s, and numerous others.