Listed by Northmarq Capital, LLC, Northmarq - Tulsa
$3,781,250
Chipotle
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,336
Net Rentable (SqFt) 2,336
Cap Rate 4.8%
NOI $181,500
Tenancy Single
Brand/Tenant Chipotle
Lease Type NNN
Lease Term 15
Lease Expiration 10/31/2036
Remaining Term 10.4
Rent Bumps Yes
Lease Options Three (3) Five (5) Year Options
Price per SqFt $1,619
Year Built 2021
Buildings 1
Stories 1
Acreage 1.230
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2021
Ownership Fee Simple
Corporate Guaranty | Proximity to Joint Base San Antonio | “Chipotlane” Drive-Thru
Investment highlights
Strong Corporate Guaranty | Fortune 500 Company
Located Less than 4 Miles From Joint Base San Antonio (JBSA)
Retail Corridor Anchored by South Park Mall, Target & Home Depot
Long-Term NNN Lease with 10% Rent Increases
Frontage Along SW Military Dr (42,500+ VPD) | 1 Mile From I-35 (101,200+ VPD)
227,174 Residents Within 5 Miles | $64,447 3-Mile AHHI
Income Tax Free State | America’s 7th Largest City
Listing Contacts
Listed by Northmarq Capital, LLC, Northmarq - Tulsa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$181,500.00
$15,125.00/mo
Valuation Metrics
0
DSCR
4.8%
Cap Rate
4.8%
ROI
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