Chipotle

3515 South Jackson St., San Angelo, TX
Deal Type:
Net Lease
Price:
$4,106,666
Cap Rate:
3.75%
Current Rent:
$154,000
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 20 years
Renewal Options:
Four, 5-year options
Building Sq. Ft.:
2,495 SF
Rent Increases:
10% Every 5 Years
Site Size:
.823 Acres

Investment Highlights

  • Commitment: Chipotle signed a rare 20 year NNN land and building lease which shows their long term commitment to this location
  • Rent Growth: This Chipotle lease offers an investor the opportunity to acquire a property with 10% rent increases every 5 years, which provides a hedge against inflation
  • Visibility: The Chipotle is located at the intersection of Knickerbocker Road and S Jackson St (23,000 vehicles per day) in front of Angelo State University, with an enrollment of almost 10,000 students.
  • Rare Lease Structure: The Chipotle lease offers an investor the opportunity to collect cash flow for a guaranteed 20 year term with 10% rent increases every 5 years, plus the ability to depreciate the building improvements to offset taxable income from the investment.
  • Retail Trade Area: The property is located at the epicenter of the trade area which includes the following businesses: Angelo State University, Wal-Mart, Home Depot, Lowe’s, Target, Ross, Best Buy, Chick Fil A, Raising Canes, Whataburger,etc.
  • Landlord Responsibilities: The investment provides the investor with the opportunity to have zero landlord responsibilities.

Listing Agents

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

Connor Shell

Managing Director
407 913 9009
connor@stream-cp.com

Association with Scott Reid & ParaSell, Inc. | P: 949.924.6578 | A Licensed Texas Broker #9009637

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