Property ID #: 18623
Tenant Name: Chipotle
Street Address:
City: Lansing
State: MI
Zip: 48917

COMPANY DESCRIPTION

Chipotle Mexican Grill, Inc. operates over 2,250 locations and is known for its large burritos, assembly-line production, and use of natural ingredients. Founded in 1993, Chipotle is one of the first chains of fast casual dining establishments, offering more than 65,000 combinations of burritos, soft tacos, crispy tacos, chips and salsa, beer, and margaritas. The company has also released a mission statement called Food with Integrity, which highlights its efforts in using organic ingredients, and serving more naturally raised meat than any other restaurant chain.

Sector: Quick-Service Restaurants (QSR)

FINANCIAL PROFILE

Price: $2,041,000
NOI:
Cap Rate: 4.90
Price PSF: N/A
Rent PSF: N/A
Credit Rating (S&P): NR

LEASE ABSTRACT

Lease Type: NNN
Years Remaining: 9.1
Initial Term Increases: 10% Every 5 years
Initial Term Lease Begin: 0000-00-00
Initial Term Lease Expiration: 0000-00-00
Renewal Options: Three (3) ? Five (5) Year Options
Option Increases:
Rent Holidays:

PROPERTY OVERVIEW

Type of Ownership:
Year Built: 2020
Year Remodeled :
Tenancy :
Gross Leasable Area (GLA):
Building Size (SFT) : 2
Lot AC :

DEMOGRAPHICS

Population
1-Mile:
3-Mile:
5-Mile:
Average Household Income
1-Mile: 0.00
3-Mile: 0.00
5-Mile: 0.00

INFORMATION REQUEST

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