Chipotle
Net Lease
5343 Murfreesboro Rd., La Vergne, Tennessee
Ownership Type:
Fee Simple
Landlord Responsibilities:
None
Renewal Options:
4, 5 year options
Building Sq. Ft.:
2,325 SF
Rent Increases:
10% every 5 years
Investment Highlights
- Long Term Lease: New 15 year abs. NNN lease providing completely passive ownership with 10% rent increases every five years in the primary term and options.
- Leading QSR Brand: Chipotle is a leading QSR operator nationwide with over 3,700 locations and total revenue in excess of $11bn.
- 2025 Construction: Brand new construction featuring Chipotle’s current prototype building including a dedicated “Chipotlane” drive-thru window.
- Highway Access: Chipotle has a curb cut along Murfreesboro Rd. (25,250 VPD) and a new traffic signal is being installed to provide access to the shopping center.
- Aldi Anchored Shopping Center: The property is part of a newly developed Aldi anchored shopping center featuring Fifth Third Bank, Panda Express, a convenience store, and three additional future pads. The Fifth Third Bank can be acquired with the Chipotle (inquire with broker).
- Large Daytime Population: La Vergne is home to Nissan’s assembly plant and features 8.4MM SF of industrial within 2 miles. Chipotle will benefit from the strong daytime customer base of ~22,000 employees nearby.
- Growing Nashville MSA Market: Strong local population with over 50,000 people earning an average household income of $80,400 with 2.4% YoY population growth.
Ownership Type:
Fee Simple
Landlord Responsibilities:
None
Renewal Options:
4, 5 year options
Building Sq. Ft.:
2,325 SF
Rent Increases:
10% every 5 years
