Chipotle

1800 Gallatin Pike North, Madison, TN
Deal Type:
Net Lease
Price:
$2,940,000
Cap Rate:
4.00%
Current Rent:
$117,600
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:
0.70 Acres

Investment Highlights

  • New 15 year absolute NNN lease with 10% rent increases every 5 years
  • Asset qualifies for depreciation
  • Brand new construction and prototype featuring “Chipotlane”
  • Corporately guaranteed by Chipotle (NYSE: CMG); 2020 net income of $355mm
  • High growth Nashville MSA location with 13% population growth from year prior
  • Exposure to 65,000 VPD at the intersection

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Graham Gold

Vice President
314 324 8792
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

In Association with ParaSell, Inc. | A Licensed Tennessee Broker #264531

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