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Restaurant

Chipotle | 15 Years Remain | Baltimore MD MSA | Rare York Rd Offering

9701 York Rd, Cockeysville, MD 21030

Listing Price: $4,142,857

Cap Rate
4.55%
Tenant Name
Chipotle
Years Remaining On Lease
14.5
Guarantor
Corporate Guarantee
Rentable SF
2,060
Lease Type
Double Net
Rent Per Square Feet
$91.50

Investment Overview

The Tenant, Chipotle Mexican Grill, Inc., is subject to a new 15-year lease with the unit’s opening in March 2024. The corporate lease features a rental increase of 8.5% in year six, and 10 percent every five years thereafter, providing an excellent hedge against inflation. Chipotle operates in a 2,060-square-foot building with outdoor seating and 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

  • Trophy Corner Location at York and Padonia Roads; 66,296 VPD
  • Newly Constructed Location with "Chipotlane" Drive-Thru
  • Baltimore MSA's Number One Retail Corridor

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.

Financing By

Restaurant

Chipotle | 15 Years Remain | Baltimore MD MSA | Rare York Rd Offering

Listing Price: $4,142,857

Cap Rate
4.55%
Tenant Name
Chipotle
Years Remaining On Lease
14.5
Guarantor
Corporate Guarantee
Rentable SF
2,060
Lease Type
Double Net
Rent Per Square Feet
$91.50

Investment Highlights

  • Trophy Corner Location at York and Padonia Roads; 66,296 VPD
  • Newly Constructed Location with "Chipotlane" Drive-Thru
  • Baltimore MSA's Number One Retail Corridor

Investment Overview

The Tenant, Chipotle Mexican Grill, Inc., is subject to a new 15-year lease with the unit’s opening in March 2024. The corporate lease features a rental increase of 8.5% in year six, and 10 percent every five years thereafter, providing an excellent hedge against inflation. Chipotle operates in a 2,060-square-foot building with outdoor seating and 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.

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.

Financing By

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