For Sale

Chipotle | Memphis MSA

Asking Price: $2,670,000 | Cap Rate: 5.75%

  • 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