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.
Chipotle
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
