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Restaurant

Chipotle | 15 Years Remaining | Greenville, SC MSA | Busy 36k VPD Frontage

108 S Main St, Mauldin, SC 29662

Listing Price: $2,242,991

Cap Rate
5.35%
Tenant Name
Chipotle
Years Remaining On Lease
13.8
Guarantor
Corporate Guarantee
Rentable SF
2,386
Lease Type
Double Net
Rent Per Square Feet
$50.29

Investment Overview

The Tenant, Chipotle Mexican Grill, Inc., is subject to a 15-year corporate lease with 10 percent rental increases every five years, providing an excellent hedge against inflation. The Tenant will operate in a newly constructed 2,400-square-foot store with Chipotlane drive-thru and outdoor patio seating. A longtime leader and innovator in the food industry, Chipotle is publicly traded on the New York Stock Exchange (NYSE:CMG) and rated “A2” by Creditntell, which is the equivalent to “AA(+/-)” by Standard & Poor’s.

Investment Highlights

  • Outparcel to Publix-Anchored Center; Chipotlane Drive-Thru Location
  • Affluent Greenville Region; Eight Percent Growth Projected in Next Five Years
  • New 15-Year Lease with 10 Percent Increases Every Five Years

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Restaurant

Chipotle | 15 Years Remaining | Greenville, SC MSA | Busy 36k VPD Frontage

Listing Price: $2,242,991

Cap Rate
5.35%
Tenant Name
Chipotle
Years Remaining On Lease
13.8
Guarantor
Corporate Guarantee
Rentable SF
2,386
Lease Type
Double Net
Rent Per Square Feet
$50.29

Investment Highlights

  • Outparcel to Publix-Anchored Center; Chipotlane Drive-Thru Location
  • Affluent Greenville Region; Eight Percent Growth Projected in Next Five Years
  • New 15-Year Lease with 10 Percent Increases Every Five Years

Investment Overview

The Tenant, Chipotle Mexican Grill, Inc., is subject to a 15-year corporate lease with 10 percent rental increases every five years, providing an excellent hedge against inflation. The Tenant will operate in a newly constructed 2,400-square-foot store with Chipotlane drive-thru and outdoor patio seating. A longtime leader and innovator in the food industry, Chipotle is publicly traded on the New York Stock Exchange (NYSE:CMG) and rated “A2” by Creditntell, which is the equivalent to “AA(+/-)” by Standard & Poor’s.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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