Restaurant
Chipotle | 14 Years Remaining | Proximate to Jersey Shore
410 White Horse Pike, Absecon, NJ 08201
Listing Price: $3,000,000
Investment Overview
The Tenant, Chipotle Mexican Grill, Inc., is subject to a new 15-year lease that commenced upon the store opening in June of 2024. The corporate lease features rental increases of ten percent (10%) every five years of the base term, and in each of the three option periods, providing an excellent hedge against inflation. Chipotle operates in a 2,325-square-foot building with outdoor seating and a “Chipotlane” modernized drive-thru. Chipotlane locations generally perform 15% higher in sales volumes for the tenant. The chain is 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
-
John Horowitz
Senior Vice President/Division Manager
Financing By
Restaurant
Chipotle | 14 Years Remaining | Proximate to Jersey Shore
Listing Price: $3,000,000
Investment Highlights
- 14+ Years Remaining on Corporate Lease with 10 Percent Increases Every 5 Years
- Under Market Rent rate with "Chipotlane" Drive-Thru
- Pad by Popular 25,000 SF Wine & Spirits Shop, Pending Wawa & New Wendy's
Investment Overview
The Tenant, Chipotle Mexican Grill, Inc., is subject to a new 15-year lease that commenced upon the store opening in June of 2024. The corporate lease features rental increases of ten percent (10%) every five years of the base term, and in each of the three option periods, providing an excellent hedge against inflation. Chipotle operates in a 2,325-square-foot building with outdoor seating and a “Chipotlane” modernized drive-thru. Chipotlane locations generally perform 15% higher in sales volumes for the tenant. The chain is 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
-
John Horowitz
Senior Vice President/Division Manager
Financing By
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