CHIPOTLE | ABSOLUTE NNN
Brand New | Absolute NNN STNL Investment | Chipotle Credit
Marketing description
Colliers is pleased to present the opportunity to acquire the fee simple interest, in an absolute triple net (NNN) corporate Chipotle Built-to-Suit lease, located in Las Vegas, Nevada.
Chipotle signed a 15 year lease with 4 five year options to extend. The lease is an absolute triple net (NNN) lease with zero landlord responsibilities.
The subject property is located on Rancho Drive, just south of the southeast corner of Rancho Drive and Craig Road. This location sits on Rancho Drive, adjacent to EOS Fitness, Dutch Bros., 7-Eleven, WOW Car Wash, Take 5 Oil Change, McDonald's, and Hawaiian Bros Island Grill.
Retailers located in the immediate trade area include Planet Fitness, Habit Burger, Superior Grocers, Bank of America, Wells Fargo, Lowe's, Burger King, Panda Express, and Walmart Neighborhood Market.
Investment highlights
- Chipotle Mexican Grill (NYSE: CMG)
- New Fifteen (15) Year Lease
- Four (4) Five (5) Year Options
- Ten Percent (10%) Increases Every Five (5) Years
- Absolute Triple Net (NNN) Lease
- Zero Landlord Responsibilities
- Fee Simple Ownership
- Land & Building = Depreciable
- Nevada Tax Free State
- FILE PHOTOS USED IN OM
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