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Chipotle Drive-Thru | 1900 10th Ave S
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Chipotle Drive-Thru 1900 10th Ave S
2,325 SF 4-Star Retail Building Great Falls, MT 59405 $2,568,000 ($1,105/SF) 5.25% Cap Rate
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INVESTMENT HIGHLIGHTS
- New 15-Year Lease with 10% Increases Every 5 Years
- Chipotle’s Stock (NYSE: CMG) has Increased Approximately 250% Over the Last 5 Years
- Brand New Prototype with “Chipotlane” Drive-Thru, Minimal Landlord Responsibilities
- Corporate Guaranty (3,437+ Locations) by Fortune 500 Company, $10.98 Billion in Annual Revenue
- Average Unit-Level Sales for Chipotle is Nearly $3.5 Million in the U.S., Equates to a 3.85% Rent-to-Sales Ratio for this Store
- Strategic Location, Nearest Chipotle is Over 88 Miles Away
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Price
$2,568,000
Price Per SF
$1,105
Cap Rate
5.25%
NOI
$134,850
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.30 AC
Parking
18 Spaces (7.74 Spaces per 1,000 SF Leased)
Frontage
182 FT on 10th Avenue South
AMENITIES
- Drive Thru
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 02-3016-18-2-40-16-0000 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $1,396,500 |
PROPERTY TAXES
Parcel Number
02-3016-18-2-40-16-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,396,500
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Chipotle Drive-Thru | 1900 10th Ave S
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