Chipotle Mexican Grill - Gardner, MA
New Chipotle (2024) | Outparcel to ALDI/Tractor Supply | 10-Yr Corporate Lease
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the single tenant Chipotle Mexican Grill investment property located at 346 Timpany Blvd, Gardner, MA. The property features brand new 2024 construction, including a drive-thru with a new 10-year lease. With 10% rental increases every 5 years, this investment provides a hedge against inflation throughout the term of the lease with a corporate guarantee. Chipotle currently has over 3,800 locations in 6 countries and continues to grow. As a pad to an ALDI, Tractor Supply, Five Below, and Dollar Tree anchored shopping center, the asset benefits from being situated in a destination location. Priced at only $1,950,000, this asset is ideal for a 1031 exchange buyer. With a highway adjacent location on a main retail arterial in the trade area, this asset offers a long-term passive investment opportunity with a strong guarantee and a growing income stream for a new owner.
Investment highlights
BEST-IN-CLASS NET LEASE INVESTMENT
- Brand-new 2024 construction with drive-thru – 10-year corporate lease with 9+ years remaining.
- Attractive 10% rental increases every 5 years – a reliable hedge against inflation.
- Corporate guarantee – Chipotle Mexican Grill, Inc. – over 3,800 locations across 6 countries.
- Highly accessible price point – low rent relative to Chipotle averages, ideal for 1031 exchange buyers.
- Pandemic, recession & e-commerce resistant tenant – nationally recognized category leader.
DOMINANT RETAIL LOCATION WITH BUILT-IN TRAFFIC DRIVERS
- Destination retail setting – outparcel to ALDI, Tractor Supply Co., Five Below, and Dollar Tree–anchored shopping center.
- High-visibility, highway-adjacent location – just blocks from Route 2, a major East-West State Highway.
- Primary retail arterial of the trade area – strong traffic counts and daily consumer draw.
- Affluent consumer base – average household income of $86,000+ within a 3-mile radius.
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