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Restaurant

Chipotle Ground Lease | 12 Years Remaining

625 Kennedy Ln, Clarksville, TN 37040

Listing Price: $2,081,000

Cap Rate
4.25%
Tenant Name
Chipotle
Years Remaining On Lease
11.6
Guarantor
Corporate Guarantee
Rentable SF
2,100
Lease Type
NNN Ground Lease
Rent Per Square Feet
$42.11

Investment Overview

Marcus & Millichap is pleased to present the Chipotle Ground Lease in Clarksville, TN.

Investment Highlights

  • Approximately 12 Years Remaining, Tenant Agreed to Extend the Lease Early for 10 More Years
  • Absolute NNN Ground Lease, No Landlord Responsibilities
  • 10% Rental Increases Every 5 Years Beginning in 2028
  • Corporate Guaranty (NYSE: CMG), 2,600+ Locations and Over $5.6 Billion in Revenue
  • Online and Mobile Orders for Chipotle Increased 177% Year-Over-Year, Accounting for Nearly 50% of Sales
  • Serving Over 127,000 Residents in One of the Fastest Growing MSA's in the U.S.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Restaurant

Chipotle Ground Lease | 12 Years Remaining

Listing Price: $2,081,000

Cap Rate
4.25%
Tenant Name
Chipotle
Years Remaining On Lease
11.6
Guarantor
Corporate Guarantee
Rentable SF
2,100
Lease Type
NNN Ground Lease
Rent Per Square Feet
$42.11

Investment Highlights

  • Approximately 12 Years Remaining, Tenant Agreed to Extend the Lease Early for 10 More Years
  • Absolute NNN Ground Lease, No Landlord Responsibilities
  • 10% Rental Increases Every 5 Years Beginning in 2028
  • Corporate Guaranty (NYSE: CMG), 2,600+ Locations and Over $5.6 Billion in Revenue
  • Online and Mobile Orders for Chipotle Increased 177% Year-Over-Year, Accounting for Nearly 50% of Sales
  • Serving Over 127,000 Residents in One of the Fastest Growing MSA's in the U.S.

Investment Overview

Marcus & Millichap is pleased to present the Chipotle Ground Lease in Clarksville, TN.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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