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

» 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