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Restaurant

Chipotle Drive-Thru | 15-Year Lease

3547 Hampton Ave, St. Louis, MO 63139

Listing Price: $3,133,000

Cap Rate
4.15%
Tenant Name
Chipotle
Years Remaining On Lease
14.3
Gross SF
2,415
Guarantor
Corporate Guarantee
Rentable SF
2,415
Price/Gross SF
$1,297.31
Lease Type
Double Net
Rent Per Square Feet
$53.83

Investment Overview

Chipotle Mexican Grill, Inc. (NYSE: CMG) is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, known for its large burritos, assembly-line production, and use of natural ingredients. Founded in 1993, Chipotle is one of the first chains of fast casual dining establishments, offering more than 65,000 combinations of burritos, soft tacos, crispy tacos, chips and salsa, beer, and margaritas. Sitting on the western bank of the Mississippi River, St. Louis is the second largest city in the state of Missouri. With a rich history and deep cultural roots that span over four centuries of U.S. history, the city continues to grow, evolve, and innovate. The Greater St. Louis metropolitan statistical area is the 20th largest in the country, and home to more than 2.8 million residents along with the headquarters of ten Fortune 500 companies: Express Scripts, Emerson Electric, Monsanto, Reinsurance Group of America, Centene, Graybar Electric, and Edward Jones Investments.

Investment Highlights

  • Brand New 15 Year Double-Net Lease with Corporate Guarantee from Chipotle
  • 10 Percent Rental Increases Every Five Years and Four, Five Year Renewal Options
  • 373,940 Residents Within a Five-Mile Radius - Developing Infill in Greater St. Louis MSA
  • Newly Built 2021 Construction with a Drive Thru, "Chipotlane" Restaurant Concepts Generate 10 Percent More in Sales
  • High Visibility at Hard-Corner Signalized Intersection of Hampton Avenue and Pernod Avenue (Over 30,000 Cars per Day)
  • Surrounded by Major National Retail Tenants - Target, Walgreens, Chick-fil-A, Burger King, McDonald's, Five Below, Ross, Raising Cane's, Panda Express, and More
  • Subject Property is Less than 15 Minutes / Eight Miles from Downtown St. Louis
  • Location In Close Proximity to Major Educational Institutions - Washington University in St. Louis, St. Louis Community College, and St. Louis University

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s) MO: 2013016939

    Missouri

Financing By

Restaurant

Chipotle Drive-Thru | 15-Year Lease

Listing Price: $3,133,000

Cap Rate
4.15%
Tenant Name
Chipotle
Years Remaining On Lease
14.3
Gross SF
2,415
Guarantor
Corporate Guarantee
Rentable SF
2,415
Price/Gross SF
$1,297.31
Lease Type
Double Net
Rent Per Square Feet
$53.83

Investment Highlights

  • Brand New 15 Year Double-Net Lease with Corporate Guarantee from Chipotle
  • 10 Percent Rental Increases Every Five Years and Four, Five Year Renewal Options
  • 373,940 Residents Within a Five-Mile Radius - Developing Infill in Greater St. Louis MSA
  • Newly Built 2021 Construction with a Drive Thru, "Chipotlane" Restaurant Concepts Generate 10 Percent More in Sales
  • High Visibility at Hard-Corner Signalized Intersection of Hampton Avenue and Pernod Avenue (Over 30,000 Cars per Day)
  • Surrounded by Major National Retail Tenants - Target, Walgreens, Chick-fil-A, Burger King, McDonald's, Five Below, Ross, Raising Cane's, Panda Express, and More
  • Subject Property is Less than 15 Minutes / Eight Miles from Downtown St. Louis
  • Location In Close Proximity to Major Educational Institutions - Washington University in St. Louis, St. Louis Community College, and St. Louis University

Investment Overview

Chipotle Mexican Grill, Inc. (NYSE: CMG) is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, known for its large burritos, assembly-line production, and use of natural ingredients. Founded in 1993, Chipotle is one of the first chains of fast casual dining establishments, offering more than 65,000 combinations of burritos, soft tacos, crispy tacos, chips and salsa, beer, and margaritas. Sitting on the western bank of the Mississippi River, St. Louis is the second largest city in the state of Missouri. With a rich history and deep cultural roots that span over four centuries of U.S. history, the city continues to grow, evolve, and innovate. The Greater St. Louis metropolitan statistical area is the 20th largest in the country, and home to more than 2.8 million residents along with the headquarters of ten Fortune 500 companies: Express Scripts, Emerson Electric, Monsanto, Reinsurance Group of America, Centene, Graybar Electric, and Edward Jones Investments.

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s): MO: 2013016939

    Missouri

Financing By

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