x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

Or contact us using the form below.


Chipotle, Madison, MS

Investment Summary

Price $3,000,000
Cap Rate
NOI
Lease Term 18 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 10% rental increases in initial term and options
Year Built 2023
Building Size 2,313 SF
Lot Size 1.03 acres (44,867 SF)
Status Closed
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

RARE 18-YEAR ABSOLUTE NNN GUARANTEED LEASE WITH SCHEDULED RENTAL INCREASES
» Rare 18-year absolute NNN lease with scheduled rental increases in initial term and option periods
» Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
» No landlord management, ideal for passive investors
» Chipotle is the only restaurant company of its size that owns and operates all its restaurants
» Upgraded 2023 construction featuring the latest Chipotle prototype with a dedicated Chipotlane drive-thru
» Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies

EXCELLENT LOCATION AT THE CONFLUENCE OF MAJOR MISSISSIPPI THOROUGHFARES
» High-visibility and easily accessible location along Grandview Boulevard (18,000 AADT)
» Trophy location near Interstate 55 and Main Street, allowing the site to capture significant commuter traffic (combined 128,000 AADT)
» Excellent proximity to major national tenants such as Sam’s Club, Walmart Supercenter, Lowe’s Home Improvement, Best Buy, DICK’S Sporting Goods, Kroger, Malco Grandview Cinema & IMAX, Chick-fil-A, and many more
» Prime location in a burgeoning retail corridor and immediately neighbored by new construction
» Located near large Madison schools, including Madison Central High School, Ridgeland High School, and Madison Elementary School (combined 3,254 students)

DENSELY POPULATED AND GROWING MISSISSIPPI CITY WITH EXCELLENT SUBURBAN DEMOGRAPHICS
» 71,510 residents live within five miles of the property, providing a reliable customer base for the site
» High average annual household income of $140,390 within a three-mile radius
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Chipotle and Madison for steady concurrent growth
» Five miles from Ross R. Barnett Reservoir, which welcomes over 2 million people annually to enjoy boating, fishing, water-skiing, and camping
» Excellent proximity to Jackson, the capital of and the most populous city in the state of Mississippi

Property Description

SOLD

» This Chipotle has a high-visibility and easily accessible location along Grandview Boulevard (18,000 AADT)
» The property is centrally located near Interstate 55 and Main Street, allowing the site to capture significant commuter traffic (combined 128,000 AADT)
» Ideally set in a large retail corridor, the property is surrounded by notable tenants such as Sam’s Club, Walmart Supercenter, Lowe’s Home Improvement, Best Buy, DICK’S Sporting Goods, Kroger, Malco Grandview Cinema & IMAX, Chick-fil-A, and many more, creating significant crossover shopping
» The site greatly benefits from its proximity to large Madison schools, including Madison Central High School, Ridgeland High School, and Madison Elementary School (combined 3,254 students)
» 71,510 residents live within a five-mile radius of the site, providing an extremely large and reliable customer base
» The location is buoyed by an excellent annual household income of $140,390 within three miles of the site
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Chipotle and Madison for steady concurrent growth

Download OM Form

x
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link