Investment Highlights

NEW 15-YEAR ABSOLUTE NNN CORPORATE LEASE WITH SCHEDULED RENTAL INCREASES
» New 15-year absolute NNN corporate lease with scheduled rental increases, providing a hedge against inflation
» Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
» No landlord management, ideal for passive investors
» Chipotle is ranked 4th on the Fortune 500 “World’s Most Admired Companies” list
» 2022 construction featuring latest Chipotle prototype with drive-thru providing additional customer convenience and boosting sales revenue

EASILY ACCESSIBLE LOCATION POISED FOR GROWTH
» Located along James M Campbell Boulevard (27,125 AADT)
» Excellent visibility and ingress/egress at signalized intersection
» Convenient access to U.S. Route 412 (31,398 AADT), located less than a mile from the site
» Surrounded by many single and multi-family developments including Lakes of Columbia (154 units) and Autumnwood Apartments (100 units)
» One hour from Nashville, the most populous city in Tennessee (682,262 residents)
» 42,953 residents live within a five-mile radius (14 percent growth since 2010)
» Projected 10% average annual household income increase within one mile of the site by 2026, poising Chipotle and Columbia for significant concurrent growth
» Maury County is the fastest-growing county in Tennessee and Columbia’s growth as an economic generator, as well as its ongoing residential developments, are determining factors of the future success of redevelopment at the nearby Columbia Mall site

ROBUST LOCATION NEAR ESTABLISHED CUSTOMER BASE
» Beneficial proximity to Columbia Mall (294,399 SF of retail space), currently undergoing redevelopment and projected to generate approximately $49.5 million in new sales annually
» Prominent location surrounded by local and national tenants such as Walmart Supercenter, Kroger, Lowe’s Home Improvement, CVS Pharmacy, Walgreens, OfficeMax, T.J. Maxx, Chick-fil-A, and many more
» Three miles from Columbia State Community College (5,635 students, 515 employees), increasing traffic in the area
» Two miles from Maury Regional Hospital (255 beds, 2,240 employees system-wide), the largest employer in the area
» Minutes from several large schools including, Columbia Central High School (1,386 students), Whitthorne Middle School (1,022 students), and JE Woodard Elementary School (493 students)

Property Description

SOLD

Chipotle has an easily accessible location along James M. Campbell Boulevard, with visibility to 27,125 vehicles per day. The property experiences increased activity from its proximity and convenient access to U.S. Route 412 (31,398 AADT). The site is surrounded by many single and multi-family developments including Lakes of Columbia (154 units) and Autumnwood Apartments (100 units), providing a regular customer base for the property. The site is an hour from Nashville, the most populous city in Tennessee (682,262 residents). The property is situated in a growing community, with 42,953 residents living within a five-mile radius (a 14 percent growth since 2010), with an average annual household income of $69,064. The average annual household income is projected to increase 10 percent by 2026, poising Chipotle and Columbia for significant concurrent growth.

The property benefits from its prominent location near large retailers, schools, and major employers. The property is immediately surrounded by local and national tenants such as Walmart Supercenter, Kroger, Lowe’s Home Improvement, CVS Pharmacy, Walgreens, OfficeMax, T.J. Maxx, Chick-fil-A, and many more. The property is two miles from the largest employer in the area, Maury Regional Hospital (255 beds, 2,240 employees system-wide), greatly increasing traffic to the location. The property is near several large schools including, Columbia Central High School (1,386 students), Whitthorne Middle School (1,022 students), and JE Woodard Elementary School (493 students). Columbia State Community College (5,635 students, 515 employees) is just minutes from the site.