Colorado Springs, CO - Chipotle
$3,116,000
7351 Central Rail Point, Colorado Springs, CO 80915
5
Cap Rate
155,775
NOI
Details:
Description:
SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land and building ownership) in a newly constructed Chipotle Mexican Grill investment property located in Colorado Springs, Colorado. The subject property is leased to Chipotle Mexican Grill, Inc. under a brand-new 15-year lease featuring four (5-year) options to extend, demonstrating the tenant’s long-term commitment to the site. The lease features attractive 10% rental increases every five years throughout the initial term and at the beginning of each option period, steadily growing NOI and providing a hedge against inflation. The property is leased on a NNN basis, with tenant responsibility for taxes, insurance, CAM reimbursements, utilities, and interior maintenance, while landlord responsibilities limited to roof, structure, foundation, and parking lot capital items. The corporate lease structure, long lease term, and limited management responsibilities make the asset an attractive passive investment opportunity.
The subject property is strategically located within the newly developed Crossroads mixed-use development adjacent to Peterson Space Force Base, one of the largest economic drivers in the Colorado Springs region. Peterson Space Force Base generates approximately $2.6 billion in annual economic impact, supports more than 16,676 jobs, contributes over $837 million in annual payroll, and is home to more than 12,666 military personnel, civilian employees, and dependents. The property benefits from excellent visibility and accessibility along US Highway 24 (38,000 VPD) and Powers Boulevard (59,000 VPD), two of the area’s primary commuter corridors. The rapidly expanding corridor continues to attract new retail, restaurant, residential, and commercial development, creating strong long-term fundamentals for the asset. The surrounding 5-mile trade area is supported by more than 181,700 residents and 56,300 employees, with average household incomes approaching $92,000 within three miles of the property.
Location
Gallery
