Chipotle

Highlights:

• Strong Lease Fundamentals: 10-year absolute net lease featuring 10% rental increases every 5 years
• Corporate Backing: Lease is signed by Chipotle Mexican Grill, Inc. (NYSE: CMG), an industry-leading fast-casual tenant with significant financial backing (see below)
• Lower Rent Store: Below market rent of $44/SF, relative to most new stores with rents at $70/SF and above
• Prime Main Street Location: Strategically positioned along Windsor’s primary retail/commercial corridor, surrounded by the market’s heaviest concentration of national retailers and exposed to 21,000+ VPD
• Exceptional Sales: Chipotle reported revenues of $11.9 billion in FY 2025, a 5.4% increase over the previous year
• Robust Unit-Level Economics: $3.1 million average unit volumes, which ranks among the highest volume major fast-casual brands nationwide
• Global Brand Recognition: Over 4,200 restaurants across 11 countries, with plans to expand into Singapore in the near future
• Extremely Affluent Demographics: $125-167K average household incomes within a 1, 3, and 5-mile radius of the subject property
• Explosive Growth Submarket: Dubbed the “Northern Colorado’s Fastest-Growing Town”, Placer.ai estimates 32-36% population growth within a 1, 3, and 5-mile radius of the subject property over the next 5 years
• Built-In Student Customer Base: Subject property just down the street from Windsor High School (~1,100+ enrolled students)

Description:

Newly renovated Chipotle building with drive-thru that serves as a pad to King Soopers and features significant frontage on Main Street, the primary East-West thoroughfare in the trade area. Brand-new 10-year absolute net corporate lease featuring 10% rental increases every 5 years throughout the base term and options. Chipotle is a best-in-class operator with over 4,200 restaurants globally that generated $11.9 billion in revenue in 2025, a 5.4% increase over the previous year.

The subject property is ideally located at the hard corner intersection of Main Street and 16th Street (21,000+ VPD) and serves as a primary outparcel to a top-ranked King Soopers location with 1.5 million visitors over the past 12 months – 97th percentile for grocery stores nationwide (per Placer.ai).

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