

Chipotle
Retail | 5.00% CAP | 2,325 SqFt
Marketing description
SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land and building ownership) in a newly constructed Chipotle Mexican Grill investment property located in Colorado Springs, Colorado. The subject property is leased to Chipotle Mexican Grill, Inc. under a brand-new 15-year lease featuring four (5-year) options to extend, demonstrating the tenant's long-term commitment to the site. The lease features attractive 10% rental increases every five years throughout the initial term and at the beginning of each option period, steadily growing NOI and providing a hedge against inflation. The property is leased on a NNN basis, with tenant responsibility for taxes, insurance, CAM reimbursements, utilities, and interior maintenance, while landlord responsibilities limited to roof, structure, foundation, and parking lot capital items. The corporate lease structure, long lease term, and limited management responsibilities make the asset an attractive passive investment opportunity.
Investment highlights
- Corporate lease with Chipotle Mexican Grill, Inc.
- Brand-new 15-year initial term with 4 (5-year) option periods to extend
- Attractive 10% rental increases every 5 years throughout the initial term and option periods
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