Investment Highlights
100% Leased, 2-Tenant Retail | NNN Leases | Rental Increases in Option Periods | Established Brands
Outparcel to Grocery Anchored Center | Dense Retail Corridor | Strong National/Credit Tenant Presence
Strategically Located Along LA-22 (28,700 VPD) | Excellent Visibility & Access | Large Pylon Sign
Direct Consumer Base | Affluent Community | New Orleans MSA | Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership), in a 100% leased, 2-tenant, freestanding Chipotle & Maxem Urgent Care building in Mandeville, Louisiana (New Orleans MSA). The tenants, Maxem Urgent Care and Chipotle, have over 5 and 6 years of firm term remaining on their current lease terms, respectively. Both leases feature options to extend with rental increases, growing NOI and hedging against inflation (see page 18 for details). Chipotle Mexican Grill is a publicly-traded (NYSE: CMG) Fortune 500 Company with approximately 3,400 locations. Maxem Urgent Care is an established urgent care provider with 18 locations across Mississippi and Louisiana. Both tenants operate under NNN leases, making this an ideal, low-management investment opportunity for a passive investor.
