Chipotle | 2885 Prince St
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Chipotle 2885 Prince St
2,576 SF Retail Building Conway, AR 72034 $3,672,000 ($1,425/SF) 5% Cap Rate
Investment Highlights
- New corporate 15-year absolute NNN Lease to Chipotle Mexican Grill, a strong investment grade tenant
- No landlord management, an ideal opportunity for passive investors
- Chipotle is ranked on the Fortune 500 and is recognized on the 2024 list for Fortune’s Most Admired Companies
- 10% rental increases every five (5) years in initial term and option periods, providing a passive long term income generator
- Chipotle is the only restaurant company of its size that owns and operates all its restaurants
Executive Summary
Prime corner location at the intersection of Prince St and Salem Rd, offering high visibility and easy access for daily commuters. Strong traffic exposure, with thousands of vehicles passing through one of Conway’s busiest intersections each day. Proximity to the University of Central Arkansas, with nearly 10,000 students, faculty, and staff providing a steady customer base. Surrounded by major retailers including Walmart, Kroger, and Target, driving additional traffic to the area » Located in a growing commercial corridor, attracting both local residents and regional visitors for dining and shopping. Easy access to Interstate 40, connecting the property to Little Rock and nearby markets
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,576 SF
Building Class
B
Year Built/Renovated
2003/2024
Price
$3,672,000
Price Per SF
$1,425
Cap Rate
5%
NOI
$183,563
Tenancy
Single
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.08
Lot Size
0.78 AC
Zoning
O-2
Parking
21 Spaces (8.15 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 710-07578-000 | Improvements Assessment | $103,010 |
| Land Assessment | $44,060 | Total Assessment | $147,070 |
PROPERTY TAXES
Parcel Number
710-07578-000
Land Assessment
$44,060
Improvements Assessment
$103,010
Total Assessment
$147,070
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Chipotle | 2885 Prince St
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