Restaurant
Chipotle Drive-Thru
305 W Eleven Mile Rd, Royal Oak, MI 48067
Listing Price: $3,275,300
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. The company has also released a mission statement called Food with Integrity, which highlights its efforts in using organic ingredients and serving more naturally raised meat than any other restaurant chain. The company’s revenue in Quarter Three of 2020 was $1.6 billion, an increase of 14.1 percent compared to the third quarter of 2019. The city of Royal Oak, located in Michigan’s Oakland County, is a suburb of Detroit and a bustling community with the motto “Life Now Playing.” According to the 2010 census, the city had a population of 57,236. It is the 8th-largest municipality in Oakland County and the 27th-largest municipality in Michigan by population. Just three miles north of Detroit, Royal Oak is home to approximately 50 city parks comprising 310 acres; a tasteful and eclectic collection of eateries; movies and live theater; the 125-acre Detroit Zoo; and the cutting edge, award-winning William Beaumont Hospital.
Chipotle Drive-Thru
Investment Highlights
- Operating on New Rare 12-Year Double-Net (NN) Lease with Corporate Guarantee
- Rent Increases Every Five Years Including Four Renewal Option Periods
- Brand New 2021 Prototype Design Equipped with Drive-Thru Window - "Chipotlane" Restaurant Concepts Generate 10 Percent More in Sales
- High Income and Populous Area with Average Annual Household Income Over $123,000 Within One Mile of Subject Property and 368,054 Residents Within a Five-Mile Radius
- Centrally Located in Heart of Downtown Royal Oak - Just One Mile from The Detroit Zoo, Michigan's Largest Tourist Destination
- High Visibility on Signalized Hard Corner of 11 Mile and Washington Avenue (Over 22,000 Cars per Day)
- Surrounded by National Retailers - Meijer, Starbucks, Walgreens, Panda Express, Panera, T-Mobile, LA Fitness, McDonald's, Jimmy John's, TacoBell, Burger King, Verizon, CVS, Chase Bank and More
- Immediate Connections to Walter P. Reuther Fwy 696 (130,693 Cars per Day) and M-1 Hwy / Woodward Avenue (42,561 Cars per Day)
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
Listing Price: $3,275,300
Investment Highlights
- Operating on New Rare 12-Year Double-Net (NN) Lease with Corporate Guarantee
- Rent Increases Every Five Years Including Four Renewal Option Periods
- Brand New 2021 Prototype Design Equipped with Drive-Thru Window - "Chipotlane" Restaurant Concepts Generate 10 Percent More in Sales
- High Income and Populous Area with Average Annual Household Income Over $123,000 Within One Mile of Subject Property and 368,054 Residents Within a Five-Mile Radius
- Centrally Located in Heart of Downtown Royal Oak - Just One Mile from The Detroit Zoo, Michigan's Largest Tourist Destination
- High Visibility on Signalized Hard Corner of 11 Mile and Washington Avenue (Over 22,000 Cars per Day)
- Surrounded by National Retailers - Meijer, Starbucks, Walgreens, Panda Express, Panera, T-Mobile, LA Fitness, McDonald's, Jimmy John's, TacoBell, Burger King, Verizon, CVS, Chase Bank and More
- Immediate Connections to Walter P. Reuther Fwy 696 (130,693 Cars per Day) and M-1 Hwy / Woodward Avenue (42,561 Cars per Day)
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. The company has also released a mission statement called Food with Integrity, which highlights its efforts in using organic ingredients and serving more naturally raised meat than any other restaurant chain. The company’s revenue in Quarter Three of 2020 was $1.6 billion, an increase of 14.1 percent compared to the third quarter of 2019. The city of Royal Oak, located in Michigan’s Oakland County, is a suburb of Detroit and a bustling community with the motto “Life Now Playing.” According to the 2010 census, the city had a population of 57,236. It is the 8th-largest municipality in Oakland County and the 27th-largest municipality in Michigan by population. Just three miles north of Detroit, Royal Oak is home to approximately 50 city parks comprising 310 acres; a tasteful and eclectic collection of eateries; movies and live theater; the 125-acre Detroit Zoo; and the cutting edge, award-winning William Beaumont Hospital.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
