STREAM Capital Partners > Properties > Chipotle

Chipotle

Net Lease

8201 Lakeview Parkway, Rowlett, Texas
Ownership Type:
Fee Simple
Price:
$3,955,556
Cap Rate:
4.50%
Current Rent:
$178,000
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5 Year Options
Building Sq. Ft.:
2,325 SF
Rent Increases:
10% every 5 years
Site Size:
1.12 Acres

Investment Highlights

  • Long Term Absolute NNN Lease: Brand new 15-year absolute NNN lease features 10% rent increases every 5 years and no landlord maintenance responsibilities, providing a completely passive investment.
  • Leading QSR Tenant: Corporate lease with Chipotle, one of the premier fast casual operators in the country with more than 3,770 locations and total revenue over $11bn.
  • New Construction: High-quality construction featuring Chipotle’s current prototype, which includes a “Chipotlane” drive-thru. Starbucks recently opened next door and there is more retail planned for the remaining 2+ acres, bringing additional traffic to the site.
  • Dense Locations with High Traffic Exposure: Nearby national retailers include Tom Thumb, Starbucks, Walmart Neighborhood Market, Chick-fil-A, McDonald’s, Autozone, Raising Cane’s, CVS, and it is exposed to over 40,000 VPD.
  • Growing DFW MSA: Chipotle sits along Lakewood Parkway (40,000+ VPD) and is located in an affluent suburb of Dallas where household incomes exceed $120,000 within a 3-mile radius.
Ownership Type:
Fee Simple
Price:
$3,955,556
Cap Rate:
4.50%
Current Rent:
$178,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5 Year Options
Building Sq. Ft.:
2,325 SF
Rent Increases:
10% every 5 years
Site Size:
1.12 Acres

Listing Agents

Graham Gold

Vice President
314 324 8792[email protected]

Connor Shell

Managing Director
407.913.9009[email protected]

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

Broker of Record: Kyler Bean TX Lic#: 646910

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