Vineland, NJ - Chipotle

Description:

• The tenant recently signed a brand new 15-year lease with 4 (5-Year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded (NYSE: CMG) and nationally recognized tenant with over 3,300 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation

• The site is strategically fronting W. Landis Avenue averaging 19,600 VPD
• 2024 construction featuring the Chipotlane drive-thru feature which maximizes efficiency and productivity
• Chipotle has signed its first-ever development agreement to open restaurants in the Middle East and accelerate its international expansion efforts. In partnership with leading international franchise retail operator Alshaya Group, the Company will initially open new restaurants in Dubai and Kuwait before expanding further across the region (more info HERE)
• The Walmart across the street ranks in the top 82% of all New Jersey locations via Placer.ai
• Located next to a new Lidl and along a restaurant row of Chipotle, Panda Express, Chick fil A, and Starbucks