Restaurant

Chipotle - Corporate Guaranteed 20-Year Lease

6917 Independence Parkway, Plano, TX 75023

Listing Price: $4,156,000

Cap Rate
3.85%
Tenant Name
Chipotle
Years Remaining On Lease
19.9
Gross SF
3,084
Guarantor
Corporate Guarantee
Rentable SF
3,084
Price/Gross SF
$1,347.60
Lease Type
Absolute Net
Rent Per Square Feet
$51.88

Investment Overview

Please see offering memorandum for more details. Prime Retail Location -Prime Location Caddy-Corner from Kroger Anchored Shopping Center with Other Major National Tenants in the Area including Dunkin, Einstein Bros Bagels, Wells Fargo, BBVA Bank, Among Others -Located on Independence Parkway with Traffic Counts Exceeding 26,000 CPD and Full Access to Legacy Drive with Traffic Counts Over 29,000 CPD -Close Proximity to Many Fortune 1000 Companies Headquartered in Plano Including Capital One (5,500 Employees), DXC Technology (4,000 Employees), Bank of America (3,430 Employees), Red Bee Media (3,200 Employees), Toyota (2,900 Employees), Frito-Lay (2,500 Employees), Dell Services (2,250 Employees), and Many More -Located Right in the Center Between all Three Collin College Campuses with a Combined Enrollment of Over 55,000 Students. Corporate Chipotle Mexican Grill -Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market -Chipotle has Over 2,600 Locations in Operation. Corporate Guaranty from Investment Grade Tenant with a Market Cap of $37.1 Billion -Rare Drive-Thru “Chipotlane” Concept to Accommodate More Order Volume -Scheduled 10% Rental Increases Every 5 Years Throughout the Initial Term and Options Provide for an Excellent Hedge Against Inflation Pride of Property Ownership in Plano, TX -Dense, Infill Location with Over 319,000 Residents within 5 Miles -Affluent Area with the Average Household Income Exceeding $151,000 within 1 Mile -Plano is the Ninth Most Populous City in the State of Texas and is Located Just 20 Miles North of Downtown Dallas, TX -The Surrounding Area Benefits From a Very Low Unemployment Level of 3.51% -Plano is Regularly on Top of Nationwide Rankings Including Forbes Best Places to Live and Safest City -Expected Population Growth of Over 10% within 5 Miles of the Subject Property Over the Next Five Years

Investment Highlights

  • Brand New 20-Year Corporate Guaranteed Chipotle
  • Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
  • Located One Parcel Away from Signalized Intersection with Traffic Counts Exceeding 55,000 Cars Per Day
  • Fully Renovated in 2020 | Rare Drive-Thru "Chipotlane" Concept to Accommodate More Order Volume
  • Dense, Infill Location with Over 319,000 Residents within 5 Miles | Affluent Area with the Average Household Income Exceeding $151,000 within 1

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Restaurant

Chipotle - Corporate Guaranteed 20-Year Lease

Listing Price: $4,156,000

Cap Rate
3.85%
Tenant Name
Chipotle
Years Remaining On Lease
19.9
Gross SF
3,084
Guarantor
Corporate Guarantee
Rentable SF
3,084
Price/Gross SF
$1,347.60
Lease Type
Absolute Net
Rent Per Square Feet
$51.88

Investment Highlights

  • Brand New 20-Year Corporate Guaranteed Chipotle
  • Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
  • Located One Parcel Away from Signalized Intersection with Traffic Counts Exceeding 55,000 Cars Per Day
  • Fully Renovated in 2020 | Rare Drive-Thru "Chipotlane" Concept to Accommodate More Order Volume
  • Dense, Infill Location with Over 319,000 Residents within 5 Miles | Affluent Area with the Average Household Income Exceeding $151,000 within 1

Investment Overview

Please see offering memorandum for more details. Prime Retail Location -Prime Location Caddy-Corner from Kroger Anchored Shopping Center with Other Major National Tenants in the Area including Dunkin, Einstein Bros Bagels, Wells Fargo, BBVA Bank, Among Others -Located on Independence Parkway with Traffic Counts Exceeding 26,000 CPD and Full Access to Legacy Drive with Traffic Counts Over 29,000 CPD -Close Proximity to Many Fortune 1000 Companies Headquartered in Plano Including Capital One (5,500 Employees), DXC Technology (4,000 Employees), Bank of America (3,430 Employees), Red Bee Media (3,200 Employees), Toyota (2,900 Employees), Frito-Lay (2,500 Employees), Dell Services (2,250 Employees), and Many More -Located Right in the Center Between all Three Collin College Campuses with a Combined Enrollment of Over 55,000 Students. Corporate Chipotle Mexican Grill -Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market -Chipotle has Over 2,600 Locations in Operation. Corporate Guaranty from Investment Grade Tenant with a Market Cap of $37.1 Billion -Rare Drive-Thru “Chipotlane” Concept to Accommodate More Order Volume -Scheduled 10% Rental Increases Every 5 Years Throughout the Initial Term and Options Provide for an Excellent Hedge Against Inflation Pride of Property Ownership in Plano, TX -Dense, Infill Location with Over 319,000 Residents within 5 Miles -Affluent Area with the Average Household Income Exceeding $151,000 within 1 Mile -Plano is the Ninth Most Populous City in the State of Texas and is Located Just 20 Miles North of Downtown Dallas, TX -The Surrounding Area Benefits From a Very Low Unemployment Level of 3.51% -Plano is Regularly on Top of Nationwide Rankings Including Forbes Best Places to Live and Safest City -Expected Population Growth of Over 10% within 5 Miles of the Subject Property Over the Next Five Years

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

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