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Restaurant

Chipotle

5954 Promenade Pkwy, Castle Rock, CO 80108

Listing Price: $2,941,000

Cap Rate
4.25%
Tenant Name
Chipotle
Years Remaining On Lease
20.4
Gross SF
2,325
Guarantor
Corporate Guarantee
Rentable SF
2,325
Price/Gross SF
$1,264.95
Lease Type
NNN Ground Lease
Rent Per Square Feet
$53.76

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a brand new Chipotle (Chipotlane, All Electric Prototype) within the Promenade in Castle Rock, Colorado.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net Ground Lease with 3x5-Year Options and 10 Percent Increases Every Five Years
  • Chipotlane Drive-Thru Concept - Inline with 86% of Chipotle Openings in 2022
  • Brand New All-Electric Restaurant Prototype, Only the Third Location in the Country - Design includes Rooftop Solar Panels, All Electric Kitchen, Biodegradable Service Ware, and Cactus Leather Chairs
  • Adjacent to 300-Unit Apartment Development and Essential Retailers
  • Located in Region Dominating Shopping Center, Promenade at Castle Rock and Outlets at Castle Rock
  • Affluent Demographics: $186,124 Average Household Income and 15.2 Percent Expected Population Growth (Three Miles)

Exclusively Listed By

Listing Price: $2,941,000

Cap Rate
4.25%
Tenant Name
Chipotle
Years Remaining On Lease
20.4
Gross SF
2,325
Guarantor
Corporate Guarantee
Rentable SF
2,325
Price/Gross SF
$1,264.95
Lease Type
NNN Ground Lease
Rent Per Square Feet
$53.76

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net Ground Lease with 3x5-Year Options and 10 Percent Increases Every Five Years
  • Chipotlane Drive-Thru Concept - Inline with 86% of Chipotle Openings in 2022
  • Brand New All-Electric Restaurant Prototype, Only the Third Location in the Country - Design includes Rooftop Solar Panels, All Electric Kitchen, Biodegradable Service Ware, and Cactus Leather Chairs
  • Adjacent to 300-Unit Apartment Development and Essential Retailers
  • Located in Region Dominating Shopping Center, Promenade at Castle Rock and Outlets at Castle Rock
  • Affluent Demographics: $186,124 Average Household Income and 15.2 Percent Expected Population Growth (Three Miles)

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a brand new Chipotle (Chipotlane, All Electric Prototype) within the Promenade in Castle Rock, Colorado.

Exclusively Listed By

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