Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Attributes

Year Built 2022
Building Area Net
Occupancy 100.0 %

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale a brand-new construction, single tenant Chipotle (the “Property” or “Asset”) offering in Florence, KY. Chipotle is on a 10-year lease with contractual increases of 10% every 5 years providing a strong hedge against inflation. The lease features a corporate guaranty from Chipotle Mexican Grill, Inc. minimizing any short-term investment risk. The Property offers a rare opportunity to acquire an industry leading tenant on a long-term lease with minimal landlord responsibilities. The Asset is located in the Cincinnati Metropolitan Statistical Area and near the Cincinnati/Northern Kentucky International Airport (CVG). CVG is home to DHL’s US hub and more recently welcomes an Amazon Air Hub.

Investment Highlights

FAVORABLE LEASE ECONOMICS

Brand-new construction building leased to Chipotle on a 10-year lease with a corporate guaranty requiring minimal future landlord responsibilities


INDUSTRY LEADING TENANCY

Chipotle Mexican Grill, Inc., is one of the largest and most recognized fast-casual restaurant chains in the world with over 2,893+ locations across North America and Europe


SURROUNDED BY EXCEPTIONAL DEMOGRAPHICS

The Property is located in a growing trade area with over 147,651 residents in a 5-mile radius boasting average incomes of $89,900


HIGH QUALITY REAL ESTATE

Newly constructed all masonry and steel building by reputable developer requiring minimal future maintenance 


PROXIMITY TO TRANSPORTATION LINKS

Property is located just off the Interstate 71/75 entry/exit ramp (152,000 VPD) and less than 5 miles from the Cincinnati International Airport (CVG) that serves 9.1 million passengers annually

Last Updated Date: 03 May 2022

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Last Updated Date: 03 May 2022

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