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INVESTMENT HIGHLIGHTS
2024 Construction; 20-Year Roof Warranty with "Chipotlane" Drive-Thru & Outdoor Patio | The Property is brand new construction with a 20-year roof warranty and features Chipotle’s “Chipotlane” prototype which was rolled out in 2020 to help boost online/ digital orders and has proven to be a major contributing factor to the restaurant’s highest growth. Additionally, the Property will feature an outdoor patio area.
Corporate Lease with the Industry’s “Crown Jewel” of Fast Casual Dining | Chipotle Mexican Grill, Inc. (NYSE: CMG), is a leading fast casual restaurant chain with more than 3,437 locations across the world and is renowned for its fast and healthy meals made directly in front of the customer with high-quality, raw ingredients and classic cooking techniques. In 2023, Chipotle surpassed $3 million average unit volume in the U.S. posting revenues of more than $9.9 billion (+14.3% from 2022). Additionally, Chipotle boasts an impressive $80+ billion market cap.
Long-Term Net Lease with Attractive Rental Escalations | Chipotle is operating under a brand new 15-year net lease with landlord responsibilities limited to roof and structure only. Additionally, the lease features 10% rental increases every five (5) years providing investors with a hedge against inflation.
Strong Residuals with Depreciation Benefits | The Property boasts strong residuals, with starting annual rent at only $112,800/year. Retail rent in this submarket is growing rapidly and this building’s market rent is at/ lower than the current $48/SF. This rent is also well below the average for other Chipotles presently on-market, offering strong long-term value comparatively. Unlike many Chipotle developments which are structured as ground leases; this is fee-simple land and building, so an investor is able to fully depreciate the building and take advantage of tax depreciation benefits.
Fast Growing Community with Affluent Demographics | Huntley is one of the fastest growing communities in the Chicago suburban area and has experienced a 10% increase in population since 2010. The Property benefits from five (5) mile average household income levels of approximately $134k/year and more than 75k residents within a five (5) mile radius of the Property.
Excellent Access & Visibility in Growing Retail Corridor | Strategically positioned at the signalized intersection of U.S. 47 (27,500+ VPD) & Huntley Crossing Drive, the Property benefits from excellent visibility with multiple access points. The Property is situated in a strong retail corridor with other national retailers including, Walmart Supercenter, Aldi, Jewel-Osco, Amazon, Walgreens, Hampton Inn, McDonald’s, Verizon, Panda Express, Popeyes, Culver’s, Sherwin Williams, Jersey Mike’s, BMO Harris, Taco Bell, and Wendy’s amongst many others. A 300-unit, 12 building residential apartment complex was recently proposed directly behind the Property.
First Chipotle to Open In Huntley | The Property will be Huntley’s first Chipotle to open in the market. The next closest location is in Algonquin, more than seven (7) miles away, providing an excellent opportunity to gain market share immediately in this market.
