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Chipotle 1701 E Centerton Blvd

2,325 SF Retail Building Bentonville, AR 72712 $3,979,000 ($1,711/SF) 4.65% Cap Rate

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Investment Highlights

New 20-year absolute NNN lease with 10% rental increases in initial term and option periods
No landlord management, an ideal opportunity for passive investors
Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies

Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
Chipotle is the only restaurant company of its size that owns and operates all its restaurants

Executive Summary

High-Visibility Location: This Chipotle is prominently positioned along State Route 102/East Centerton Boulevard, Centerton’s primary east-west thoroughfare which experiences a high traffic count of 36,000 vehicles per day. The location features a prime setting with beneficial proximity to Walmart Home Office, Walmart’s new corporate headquarters (15,000 employees) and David Glass Technology Center, Walmart’s main technology hub (approx. 2,000 employees). The presence of Walmart’s tech hub has made Northwest Arkansas more appealing for other technology firms and startups, which boosts investment in the local tech ecosystem and fosters innovation in the region. As Walmart’s DGTC employees and collaborators move into the area, there’s been a corresponding rise in demand for local goods and services. Bentonville has seen a boom in real estate development, with both residential and commercial properties being built or renovated to meet the needs of the growing workforce. Bentonville High School (3,318 students), Bentonville West High School (2,418 students), and Grimsley Junior High School (867 students) are located within five miles from the restaurant, providing consistent foot traffic. Nearly 90,000 residents live within a five-mile radius of the subject property, while the average annual household income within a three-mile radius is over $139,000.