New NNN 15-Yr Chipotle
New 15-Year Chipotle | Walmart Outlot
Marketing description
Brand-new Chipotle with 15 years of remaining lease term, corporately guaranteed under a triple-net structure with scheduled 10% rent increases and multiple renewal options. The property design follows the Habanero design concept, featuring modern interior design, updated materials and textures, a reimagined layout designed, optimized kitchens for mobile orders, dedicated pickup areas (both inside and out), and the signature “Chipotlane” drive-thru. Scheduled to open June 2026, the property is positioned as an outlot to a Walmart Supercenter along high-traffic Route 30, near a signalized intersection with nearly 55,000 combined vehicles per day. The location benefits from limited nearby Chipotle competition, proximity to a major industrial employment base, low Kendall County taxes, and strong, growing demographics supported by rising household incomes.
Investment highlights
- Brand new Chipotle with a 15-year corporate NNN lease
- New construction | Part of the Chipotle Habanero Concept | All-brick construction supports low long-term maintenance
- Premier Walmart outlot location | Nearest Walmart stores are 5 miles southeast, 9 miles northeast, and 13 miles southwest, reinforcing regional draw
- Limited competition | Approximately 4.7 miles to the nearest Chipotle | Clear under served trade area to the west with limited existing Chipotle locations
- Adjacent to the Montgomery industrial corridor
- $122,229 average household income, projected to reach $139,646 by 2030
- 172,532 residents within five miles | Population within one mile has grown 12.0% since 2010 with an additional 2.8% projected by 2030
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