Listed by JLL Chicago | Americas Headquarters, JLL - Irvine (Orange County), California
$3,400,000
Chipotle - Ocean Springs, MS
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,450
Net Rentable (SqFt) 2,450
Cap Rate 5.4%
NOI $183,750
Tenancy Single
Brand/Tenant Chipotle
Lease Type NN
Lease Term 15
Lease Expiration 04/30/2041
Remaining Term 14.8
Rent Bumps Yes
Lease Options 4 x 5 Years
Price per SqFt $1,388
Class A
Year Built 2026
Acreage 0.890
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/28/2026
Ground Lease No
Ownership Fee Simple
Chipotle | 5.40% CAP | Adjacent to Ocean Springs Hospital
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Chipotle at 3419 Bienville Blvd in Ocean Springs, Mississippi (“Property” or “Asset”). The Property is operating on a NN lease with ±14.9 years of primary lease term remaining, 10% rent escalations every 5 years and four, five-year options.
MS Broker of Record: Barry Brown - License #: 17703
Investment highlights
- Corporate Chipotle with ±14.9 years of primary lease term remaining
- Adjacent to new construction Ocean Springs Hospital – Singing River Health System
- Frontage along US-90, the primary commercial corridor, with 39,000 VPD
- Ocean Springs is one of the Gulf Coast’s highest income submarkets, with $122K in average household income within a 1-mile radius of the Property
- Strong demographics with 18% population growth since 2010 within 5-mile radius
- Chipotle is one of the largest and most recognized fast casual restaurant chains in the world
Listing Contacts
Listed by JLL Chicago | Americas Headquarters, JLL - Irvine (Orange County), California
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$183,750.00
$15,312.50/mo
Valuation Metrics
0
DSCR
5.4%
Cap Rate
5.4%
ROI
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