Chipotle
Retail | 4.75% CAP | 3,441 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed (NYSE: CMG), newly renovated Chipotle investment property located in Largo, Florida (Tampa-St. Petersburg MSA). The tenant, Chipotle Mexican Grill of Colorado, LLC, recently signed a new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Chipotle is one of the nation's largest and most recognizable fast-casual restaurant brands, operating more than 3,700 company-owned restaurants across the United States. The site is equipped with a drive-thru, providing further ease and convenience for consumers.
Investment highlights
- The tenant, Chipotle Mexican Grill of Colorado, LLC, recently signed a new 15 year lease with 4 (5-year) options to extend
- The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, hedging against inflation
- Chipotle is one of the nation's largest and most recognizable fast-casual restaurant brands, operating more than 3,700 restaurants across the U.S.
- The site is equipped with a drive-thru, providing convenience for consumers
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