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Restaurant

Brand New Chipotle | 15 Year Lease | Drive-Thru | Grocery Anchored | High Traffic

4720 Summer Ave, Memphis, TN 38122

Listing Price: $2,625,000

Cap Rate
4.00%
Tenant Name
Chipotle Mexican Grill
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
2,325
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.16

Investment Overview

Marcus & Millichap is pleased to bring the 2022 built-to-suit Chipotle Mexican Grill with drive-thru located in Memphis, TN.

Investment Highlights

  • 2022 Built-to-Suit Construction with Drive-Thru "Chipotlane" | Brand New 15 Year Triple-Net Lease| Aldi Pad Site and Adjacent New Drive-Thru Starbucks
  • Rental Increases in Year Six and Ten of Initial Term | Four, Five-Year Options with Rental Increases at the Beginning of Each Term | Highly Desirable Drive-Thru Location with Monument Signage
  • Excellent Visibility Along Summer Ave with Nearly 29,500 VPD | Memphis Area Transit Authority Bus Line
  • Positioned Less than One Mile from I-40/Isaac Hayes Memorial Hwy with Nearly 181,500 VPDand Less than One-Half Mile from Sam Cooper Blvd with Over 67,500 VPD
  • Surrounding National Tenants Include Kroger, Aldi Grocery, TJ Maxx, Lowe's, Walgreens, Starbucks, Chick-Fil-A, McDonald's, Smoothie King, Harbor Freight Tools, Planet Fitness, Hibbett Sports, Family Dollar, Dollar Tree, Dollar General, AutoZone, Advance Auto Parts, and O'Reilly Auto Part
  • Over 23 Percent Median Household Income Growth Since 2000 within One Mile with Another Six Percent Growth in the Next Five Years
  • Nearly 215,000 Residents and Over 268,800 Employees within Five Miles
  • Nearly 215,000 Residents and Over 268,800 Employees within Five Miles

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Restaurant

Brand New Chipotle | 15 Year Lease | Drive-Thru | Grocery Anchored | High Traffic

Listing Price: $2,625,000

Cap Rate
4.00%
Tenant Name
Chipotle Mexican Grill
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
2,325
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.16

Investment Highlights

  • 2022 Built-to-Suit Construction with Drive-Thru "Chipotlane" | Brand New 15 Year Triple-Net Lease| Aldi Pad Site and Adjacent New Drive-Thru Starbucks
  • Rental Increases in Year Six and Ten of Initial Term | Four, Five-Year Options with Rental Increases at the Beginning of Each Term | Highly Desirable Drive-Thru Location with Monument Signage
  • Excellent Visibility Along Summer Ave with Nearly 29,500 VPD | Memphis Area Transit Authority Bus Line
  • Positioned Less than One Mile from I-40/Isaac Hayes Memorial Hwy with Nearly 181,500 VPDand Less than One-Half Mile from Sam Cooper Blvd with Over 67,500 VPD
  • Surrounding National Tenants Include Kroger, Aldi Grocery, TJ Maxx, Lowe's, Walgreens, Starbucks, Chick-Fil-A, McDonald's, Smoothie King, Harbor Freight Tools, Planet Fitness, Hibbett Sports, Family Dollar, Dollar Tree, Dollar General, AutoZone, Advance Auto Parts, and O'Reilly Auto Part
  • Over 23 Percent Median Household Income Growth Since 2000 within One Mile with Another Six Percent Growth in the Next Five Years
  • Nearly 215,000 Residents and Over 268,800 Employees within Five Miles
  • Nearly 215,000 Residents and Over 268,800 Employees within Five Miles

Investment Overview

Marcus & Millichap is pleased to bring the 2022 built-to-suit Chipotle Mexican Grill with drive-thru located in Memphis, 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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