Restaurant
Chipotle Mexican Grill - Brand New Construction | Absolute NNN
1700 Opelika Rd, Auburn, AL 36830
Listing Price: $3,142,900
Cap Rate
5.25%
Tenant Name
Chipotle
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
2,313
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$71.34
Investment Overview
Sell full marketing package for details.
Chipotle Mexican Grill - Brand New Construction | Absolute NNN
Investment Highlights
- New 15-Year Absolute NNN Lease - no landlord management obligations whatsoever
- Unlike this location, the majority of Chipotle locations on the market are NN leases with landlord responsible for roof, structure, and parking
- Corporate Guarantee - NYSE: CMG / $10.98B Revenue / $3.06B Net Worth
- 10% rent increases every 5-Years during primary term and options
- Located directly across from Auburn Mall - 527k SF mall with 50+ retailers
- Minutes from Auburn University - With 33,000 students & 13,700 employees it generates over $6.3 billion in economic impact to Alabama's economy
- Surrounded by national retailers including Walmart, Target, Lowe's, HomeDepot, Sam's Club, Kroger, Best Buy, Harbor Freight, Starbucks, Planet Fitness, Chick-fil-A, AMC Theatres, McDonald's, among many others
Broker of Record
Financing By
Restaurant
Chipotle Mexican Grill - Brand New Construction | Absolute NNN
Listing Price: $3,142,900
Cap Rate
5.25%
Tenant Name
Chipotle
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
2,313
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$71.34
Investment Highlights
- New 15-Year Absolute NNN Lease - no landlord management obligations whatsoever
- Unlike this location, the majority of Chipotle locations on the market are NN leases with landlord responsible for roof, structure, and parking
- Corporate Guarantee - NYSE: CMG / $10.98B Revenue / $3.06B Net Worth
- 10% rent increases every 5-Years during primary term and options
- Located directly across from Auburn Mall - 527k SF mall with 50+ retailers
- Minutes from Auburn University - With 33,000 students & 13,700 employees it generates over $6.3 billion in economic impact to Alabama's economy
- Surrounded by national retailers including Walmart, Target, Lowe's, HomeDepot, Sam's Club, Kroger, Best Buy, Harbor Freight, Starbucks, Planet Fitness, Chick-fil-A, AMC Theatres, McDonald's, among many others
Investment Overview
Sell full marketing package for details.
Broker of Record
-
Eddie Greenhalgh
Senior Vice President Investments
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.