Chipotle | Hobby Lobby Outparcel
Next to Chick-fil-A | Hobby Lobby & TJ Maxx Outparcel
Marketing description
Sole Chipotle location within a 40-mile radius, securing a captive market with no direct brand competition.
New 15-year absolute NNN lease starting June 3, 2025, with Chipotle Mexican Grill of Colorado, LLC, backed by corporate guarantor Chipotle Mexican Grill, Inc.
10% rental increases every five years, ideal for passive investors.
Tenant handles all taxes, insurance, and maintenance (including roof, structure, and parking lot), ensuring zero landlord responsibilities.
Serves 38,103 residents within five miles, with continued projected growth.
Highest average household income of $80,001 within one mile, rising to $93,581 by 2029, supporting robust QSR spending.
Population within one mile grew 21.9% from 2010-2024, outpacing state and national trends, signaling rapid area growth.
Median household income within five miles of $51,960 exceeds Arkansas’ median of $49,389.
Investment highlights
- Strategically positioned as an outparcel to a Hobby Lobby-anchored retail center, driving consistent foot traffic.
- Located at the signalized intersection of E Main St and Hwy 331 with a combined 39,000 AADT, enhancing visibility.
- Across from Conagra Brands’ frozen food manufacturing plant (1,400 employees), a major employer boosting local economic activity.
- Surrounded by national retailers like Walmart, Dollar General, and AutoZone, reinforcing the site’s commercial draw.
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