New Development Chipotle | Absolute NNN Lease

Highlights:

• Absolute NNN lease with zero landlord responsibilities
• New 15-year lease guaranteed by Chipotle Mexican Grill (NYSE: CMG)
• 10% rental increases every five years providing strong income growth
• Brand-new 2025 construction with Chipotlane drive-thru concept
• Grocery anchored retail corridor with strong national co-tenancy
• Located along E 41st St with ±25,000 vehicles per day traffic counts
• Dense surrounding population of 223,000+ residents within 5 miles

Description:

The Ficke Team of Colliers is pleased to present to qualified investors
the opportunity to acquire the new development Chipotle Mexican Grill
asset located at a high-visibility retail corridor at 11051 E 41st St, Tulsa,
OK 74146 (“Subject Property”).
The subject property is a 2025 build-to-suit development for Chipotle
Mexican Grill. Chipotle occupies an approximate 2,243 square-foot
building situated on a 0.71-acre site and is secured by a new 15-year
Absolute NNN lease. The lease includes 10% rental increases every 5
years, with four (4) five-year renewal options, offering investors a stable,
long-term income stream.
Chipotle is ideally located along East 41st Street, benefiting from strong
visibility and traffic in a thriving retail corridor. This location experiences
a daily traffic count exceeding 25,000 vehicles per day and is surrounded
by numerous national and regional retailers, multi family and office
developments, and hospitality businesses. Neighboring tenants include
Reasor’s Grocery, QuikTrip, Taco Bell, Panda Express, McDonald’s, Chase
Bank, Jack in the Box, Arby’s, Sonic, providing a strong consumer base
and additional draw to the area. Along with this, across the street is a
large-scale adaptive reuse project, converting a building to a 150+ unit
multi-family apartment.
Tulsa, OK, is the 2nd largest city in Oklahoma and is known for its diverse
economy and vibrant culture. Positioned at the heart of Tulsa County,
the city benefits from a central location with excellent transportation
infrastructure, supporting robust commercial and residential growth. The
property’s location in a dynamic retail hub ensures sustained demand
and long-term viability for investors.

Documents: