Chipotle Drive-Thru | 12-Year Corporate Lease 3194 Henry St

3194 Henry St , Norton Shores, Michigan, 49441 | 2,325 sq.f | $ 1,951,000

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About This Restaurant

Investment Highlights

12-Year Lease with Increases Throughout Base Term and Options Chipotle?s Stock (NYSE: CMG) is Up Approximately 345% Over the Last 5 Years Brand New Prototype with ?Chipotlane? Drive-Thru, Limited Landlord Responsibilities Corporate Guaranty, Fortune 500 Company with 3,304+ Locations and $9.53 Billion in Annual Revenue Average Unit-Level Sales for Chipotle is Nearly $3 Million in the U.S. Serving Over 93,000 Residents in Growing Primary Trade Area

Executive Summary

Property Details

  • Sale Type    Investment NNN
  • Sale Condition    Build to Suit
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
  • Building Size    2,325
  • Building Class    A
  • LoopNet Rating    4 Star
  • Year Built    2022
  • Price    1,951,000
  • Price Per SF    839
  • Cap Rate    5.90
  • NOI    115,088
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.09
  • Land Acres    0.59 AC

Amenities

  • Drive Thru

Nearby Amenities & Transportation

Retail Independent Bank
Retail Russ' Restaurants
Retail Chase Bank
Retail Chili's
Retail Comerica
Retail PNC Bank
Retail Wingstop
Retail Tim Hortons
Retail BIGGBY Coffee
Retail Huntington National Bank
Date Created: 2024-07-16 04:16:18 Last Updated: 2024-07-16 04:16:18
Address: 3194 Henry St , Norton Shores, Michigan, 49441