Industrial    

Chipotle

 Orange Park (Jacksonville), FL

Price:
$3,975,000

Cap Rate:
4.43%

For more details on this exclusive listing

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Chipotle (NYSE: CMG)

Corporate Credit

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Jacksonville, FL

Location

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15-Year Lease

Absolute NNN

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2023

Construction

INVESTMENT HIGHLIGHTS

  • Chipotle Corporate Guaranty | NYSE: CMG
  • 15-Year Absolute Net Lease | Long-Term Cash Flow & No LL Responsibility
  • 10.00% Rental Increases Every 5 Years | Through Base Term & Options
  • “Chipotlane” Drive-Thru Prototype | Drive-Thru Provides 10%-15% Higher Sales
  • Brand New 2023 Construction | Opening 9/29/2023

  • Premier Jacksonville, FL Location | ±14 Miles From Downtown
  • High-Growth Submarket | 379K+ Population (10 Mi) | Growing 3.55% by 2027
  • Rapidly Rising Income Locally | $104K+ Avg HHI (5 Mi) | Growing 16.13% by 2027
  • Fee Simple Ownership | Depreciation Tax Benefits

 

Exclusively Listed By

Brandon Duff

Managing Director, Senior Vice President
  bduff@northmarq.com      +1 312.240.0162

Mackenzie Wolfgram

Associate Vice President
  mwolfgram@northmarq.com      +1 312.777.2454

Brandt Fuller

Senior Analyst
  bfuller@northmarq.com      +1 312.777.2446

Austin Duff

Senior Associate
  aduff@northmarq.com   

In Association With
Michael Zimmerman

FL Lic #BK3088542

Northmarq

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