Listed by Atlantic Capital Partners
$3,300,000
Chipotle Mexican Grill | Madison Heights, VA
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,385
Cap Rate 5.00%
NOI $165,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A, Chipotle
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 09/01/2041
Remaining Term 15
Rent Bumps Yes
Lease Options 4 x 5 Years
Broker Co-Op True
Class A
Year Built 2026
Acreage 0.870
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
5.00% CAP | Corporate Long Term Lease
Investment highlights
NEW CONSTRUCTION | 15- YEAR CORPORATE NNN LEASE
- Brand new Chipotle with a full 15- year base term and zero landlord responsibilities, delivering long duration, passive income
BEST-IN-CLASS FAST CASUAL TENANT
- Chipotle (NYSE: CMG) operates 3,700+ locations and remains one of the strongest and most consistent performers in the fast-casual segment.
COLLEGE-DRIVEN DEMAND | CONSISTENT TRAFFIC BASE
- Located in Lexington, home to Washington and Lee University and Virginia Military Institute (4,000+ combined students), generating daily demand from students, faculty, and visiting families
DOMINANT QUICK-SERVICE TRADE AREA POSITIONING
- One of the few modern drive-thru fast casual offerings in the immediate trade area, positioning Chipotle to capture outsized market share in a limited-competition environment
DRIVE-THRU (“CHIPOTLANE”) PROTOTYPE
- Modern format designed for digital ordering and throughput efficiency — a key driver of strong unit volumes and long-term relevance
PRIMARY RETAIL & COMMUTER CORRIDOR
- Positioned near the intersection of E. Nelson Street and Lee Highway (11,900 VPD), serving as a key retail node with regional connectivity via I-81 and I-64
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,000.00
$13,750.00/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
Map
Zoning
B-2 CommercialGeneral CommercialGeneral Commercial District
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View all 104 uses Last updated Feb 17, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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