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Chipotle 424 Twelve Mile rd

2,387 SF Retail Building Madison Heights, MI 48071 $2,838,000 ($1,189/SF) 5.25% Cap Rate

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Investment Highlights

Zero landlord responsibilities – Chipotle self-maintains CAM, taxes, and insurance and is fully responsible for all capital repairs and replacements.
BRAND NEW 2024 CONSTRUCTION WITH HIGH-CAPACITY DRIVE-THRU – The Property is a new 2024 construction with Chipotle’s latest building prototype.
STRONG MARKET DEMOGRAPHICS – Located around 10 miles from downtown Detroit, Madison Heights is extremely dense.

LOWE’S AND HOME DEPOT ANCHORED TRADE AREA – Surrounded by major national retailers including Lowe’s, Home Depot, BJ’s, Starbucks, McDonald’s.
EXCELLENT VISIBILITY AND ACCESSIBILITY – Situated along Twelve Mile Road, the trade areas primary commercial thoroughfare with excellent visibility.
10% RENT INCREASES EVERY 5 YEARS – Lease features attractive 10% rental increases every 5 years in base term and in each option period

Executive Summary

Broker of Record
Matt Fitzgerald
License No. 6502432668 (MI)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Marketing Brochure/Flyer

Property Facts Under Contract

Sale Type

Investment

Property Type

Retail

Property Subtype

Retail

Building Size

2,387 SF

Building Class

Year Built

2024

Price

$2,838,000

Price Per SF

$1,189

Cap Rate

5.25%

NOI

$149,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.07

Land Acres

0.82 AC

Zoning

Commercial

Amenities

Restaurant

Drive Thru

MAJOR TENANTS

Chipotle
-
2,387 SF
$62.42
Triple Net
Aug 2039

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type		Lease End
Chipotle	-	2,387 SF	$62.42	Triple Net		Aug 2039

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