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30863778
30863779

3344 23rd St, Columbus, NE 68601 For Sale

MG
NE 20220840, AZ SA704393000 (+2)
Matthews
Listed by Matthews
$3,014,943
132 days on market
Updated 4 days ago

Chipotle - 15 Year NNN Lease

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,385
Cap Rate 5.30%
Tenancy Single
Brand/Tenant Chipotle
Lease Type NNN
Remaining Term 15
Lease Options 4,5 Year Options
Year Built 2026
Buildings 1
Stories 1
Ownership Fee Simple

5.30% Cap | New Construction Chipotle | Long Term Lease

Investment highlights

  • Corporate Tenant: Chipotle Mexican Grill, Inc., a nationally recognized and publicly traded company with over ±4,000 locations worldwide and a market cap of $51 Billion.

  • New Construction NNN Lease: Construction of the property will be completed in May/June of 2026. The lease is a NNN lease providing an Owner with passive income.

  • Long Term Lease: Fifteen Years (15) remaining in the initial term of the lease which provides an owner with stable, long-term income from a strong tenant.

  • Outparcel to New Construction Super Saver Grocer: Super Saver is a dominant grocer Nebraska and Iowa; the strong grocery anchored center increases foot traffic and customer base.

  • Attractive Demographics: There are approximately 27,000+ people within a 5-mile radius from the property with an average household income of $95,000+.

  • Premier Location & Major Retailers: The property is located in the heart of Columbus and has many national retailers nearby. These tenants include but are not limited to: Taco Bell, Starbucks, Freddy’s, Wendy’s, Subway, Advance Auto Parts, Arby’s, Domino’s, Pizza Hut, CVS, Burger King, Walgreens, AutoZone, Sonic, Scooter’s Coffee, KFC, Dollar Tree, Applebee’s, Panda Express, Walmart Supercenter, Hobby Lobby, and Dollar General.

  • Direct Access to Lincoln Highway: The subject property is located right off the Lincoln Hwy which has an average daily vehicle count of ±25,000. Lincoln Hwy is the primary highway running through Columbus.

  • Harrah’s Columbus Racing & Casino: Located a 5-minute drive from the subject property, Harrah’s Racing & Casino is a new construction $75-million-dollar project that opened in May 2024. Being the only Casino in a 65+ mile radius benefits an owner by having increased traffic from visitors driving past the subject property on the way to the casino.

  • City of Columbus Street Improvement Act: The City of Columbus created a specific Street Improvement District for the area in 2023 with a cost estimate of $2,650,000 to support the increased traffic and reconstruction of nearby roads. This benefits an owner by supporting the high levels of traffic by the property.

Listing Contacts

MG
NE 20220840, AZ SA704393000 (+2)
Matthews
Listed by Matthews

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Additional Information

Name
Kyle Matthews
License
License # License # 35320, 20170883 (NE)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
866.889.0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Name
Mason Gates
License
20220840
Brokerage
Matthews Real Estate Investment Services
Brokerage Phone
(866) 889-0550
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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