Chipotle Net Lease

Property Details

Asking Price:
$2,875,000
Tenancy:
Single Tenant
Occupancy:
100%
Property Type:
Single Tenant
Lease Type:
NNN
Lease Term:
10 years
Square Footage:
2,337 sqft
Year Built:
2021
NOI:
$115,000
Price/Sq Foot:
$1,230

Chipotle Net Lease

War Room

Confidentiality Agreement

Property Overview

  • ​New "Chipotlanes" Prototype with Drive-Thru
  • ​Corporate Lease to a Publicly Traded Company (NYSE: CMG) with a Market Cap of $53 Billion
  • ​Located Across from Walmart Supercenter
  • ​Located Across from McDonald’s doing 117% of Market Average and 121% of National Average in Annual Volume
  • ​Daily Needs Intersection with Over 34,000 VPD
  • ​New Shopping Center Currently Under Construction Adjacent to Site
This freestanding, ± 2,337 square foot Chipotle is situated on ± 0.79 acres of land at the NEQ of Wheatland Road and Clark Road in the Dallas suburb of Duncanville, TX.​ Chipotle signed a 10-year lease commencing in December of 2021 with five 5-year options featuring 10% rental increases every five years throughout the primary term and option periods.​ The site has excellent street exposure to a combined traffic count of over 34,000 vehicles per day at the intersection of Wheatland Road and Clark Road.​ This site is within the Dallas-Fort Worth trade area, approximately 12 miles from downtown Dallas to the north and approximately 23 miles from downtown Fort Worth to the west.​

The Dallas-Fort Worth Metroplex is the largest metropolitan area in Texas, the largest in the South, and fourth largest in the U.​S.​ with a population of 7,694,138 according to a May 2021 FRED Economic Data Estimate.​ Dallas-Fort Worth led the nation in population growth for the past decade (2010-2019), adding 1,349,378 residents to its population.​ Dallas Business Journal reports Dallas-Fort Worth could see an increase in nearly 1,350,000 residents by 2029 making Dallas-Fort Worth the number one metro in the country for population growth for the second consecutive decade.​ Overall, Dallas-Fort Worth is the 20th largest metro economy in the world and has a gross metro product exceeding $472 billion.​ As a result, the Dallas-Fort Worth Metroplex benefits from the 24 Fortune 500 company headquarters and the 43 Fortune 1000 headquarters located throughout Dallas-Fort Worth.​ Low taxes, a low cost of doing business, and a business-friendly environment continue to drive new job growth and attract new residents to the area.​

This Chipotle location benefits from a solid three-mile population with over 64,000 people and an average household income of over $80,000 per year.​ In addition, this Chipotle is across from a Walmart Supercenter that has operated at this intersection since 2014.​ Located at the intersection of Wheatland Road and Clark Road, this Chipotle is centrally located for quick access to two major Dallas-Fort Worth transit arteries of Interstate 20 and Highway 67.​ Located at a dependable daily needs intersection with a strong three-mile population density and being one of the new prototype “Chipotlanes” , this Chipotle gives a buyer the potential opportunity to own an asset that is built for long-term stability.​