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Restaurant

Chipotle | 15 Years Remaining | Philadelphia MSA | Oversized 2.33-Acre Parcel

15 Maplewood Dr, Douglassville, PA 19518

Listing Price: $2,761,905

Cap Rate
5.25%
Tenant Name
Chipotle
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
5,300
Lease Type
Double Net
Rent Per Square Feet
$27.36

Investment Overview

The Tenant, Chipotle Mexican Grill, Inc., is subject to a new 15-year lease to commence in Summer 2024. The corporate lease features 10 percent rental increases every five years during the base term and option periods, providing an excellent hedge against inflation. Chipotle will operate in a 5,468-square-foot store, with 3,100 square-feet on the ground floor. There is a 2,200-square-foot lower level but it will not be used by the tenant. The site will also feature a "Chipotlane" modernized drive-thru. A longtime leader and innovator in the food industry, Chipotle is publicly traded on the New York Stock Exchange under the ticker NYSE: CMG.

Investment Highlights

  • New 15-Year Lease with 10% Increases Every 5 Years
  • Signaled Corner, High Traffic Location to 37,638 VPD
  • Enhanced Value in Oversized 2.33-Acre Parcel with "Chipotlane" Drive-Thru

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Restaurant

Chipotle | 15 Years Remaining | Philadelphia MSA | Oversized 2.33-Acre Parcel

Listing Price: $2,761,905

Cap Rate
5.25%
Tenant Name
Chipotle
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
5,300
Lease Type
Double Net
Rent Per Square Feet
$27.36

Investment Highlights

  • New 15-Year Lease with 10% Increases Every 5 Years
  • Signaled Corner, High Traffic Location to 37,638 VPD
  • Enhanced Value in Oversized 2.33-Acre Parcel with "Chipotlane" Drive-Thru

Investment Overview

The Tenant, Chipotle Mexican Grill, Inc., is subject to a new 15-year lease to commence in Summer 2024. The corporate lease features 10 percent rental increases every five years during the base term and option periods, providing an excellent hedge against inflation. Chipotle will operate in a 5,468-square-foot store, with 3,100 square-feet on the ground floor. There is a 2,200-square-foot lower level but it will not be used by the tenant. The site will also feature a "Chipotlane" modernized drive-thru. A longtime leader and innovator in the food industry, Chipotle is publicly traded on the New York Stock Exchange under the ticker NYSE: CMG.

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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