For Sale
Chipotle | Memphis MSA
Asking Price: $3,070,000
| Cap Rate: 5%
- Net Operating Income: $153,450
- Weighted Avg. Lease Term (WALT): 15 Years
- Lease Type: Net
Property Highlights
- Leased to Chipotle (NYSE: CMG) on a brand new 15-year net lease; minimal landlord responsibilities
- Corporate guarantee from national tenant with over 3,100+ locations nationwide
- Chipotle has a market cap of nearly $51B; ranks 3rd for all restaurant brands (as of August 2023)
- New high-quality construction: new prototype building will be completed in 2023 and features tenant’s new “Chipotlane” Drive-Thru
