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Chipotle 3017 N Sanders St

2,325 SF Retail Building Helena, MT 59601 $3,500,000 ($1,505/SF) 5% Cap Rate

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Investment Highlights

Long-term lease backed by Chipotle Mexican Grill, Inc., a Fortune 500 company with over 3,465 locations and strong financials
Chipotle is the only restaurant company of its size that owns and operates all its restaurants

Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies

Executive Summary

This Chipotle is an outparcel to a WinCo foods and Planet fitness anchored shopping center. The property is strategically located just off the off-ramp of I-15 and Custer Avenue interchange, providing access to 55,371 combined vehicles per day and exposing this new Chipotle to a wide range of potential customers. The site is located within a strong retail tenant corridor including Target, Costco, Home Depot, Harbor Freight Tools, Lowes, Hobby Lobby, Albertson’s, TJ Maxx, and several high traffic restaurants. The location is adjacent to a future 288-unit, 11-acre multifamily development, which will drive customer activity to the site. 1.5 miles from Helena Regional Airport, providing further customer traffic to the site. Less than two miles from Helena High School, serving 1,087 students in grades 9-12. Over 49,000 residents live within a five-mile radius, with projected population growth supporting sustained demand. Strong average household incomes of $102,679 within a five mile radius of the site (projected 13% increase by 2029). Projected AAHI and population increases within 1, 3 and 5-mile radii over the next five years poise Helena and Chipotle for steady concurrent growth. Over 15% population growth within a five-mile radius from 2010-2024 (with strong future growth projections).