New Construction Chipotle – Olympia Fields, Oconomowoc, WI | 15-Year Lease

$3,133,333

1299 Olympia Fields Drive, Oconomowoc, WI 53066

For Sale

Retail Restaurant

Active

Last Updated: 09/29/2025

Details:

Cap Rate: 5.25%

NOI: $164,500

Building Size: 0.8 acre

Occupancy: 100%

Class: A

Lease Type: Double Net

Year Built: 2025

Tenancy: Single

Investment Strategy: Core

Offered by

Dan Rosenfeld

Principal/Investment Sales

Mid-America Real Estate

#WI – 55452

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Highlights:

New Construction Chipotle (2025 Delivery) – 2,325 SF prototype with Chipotlane drive-thru.
Long-Term NN+ Lease – 15-year corporate lease with 10% escalations every 5 years; Chipotle self-manages CAM.
Prime Location – Olympia Fields mixed-use development directly off I-94 (60,000 VPD) & Hwy 67 (23,000 VPD).
Strong Co-Tenancy – Adjacent to Panera Bread (new) and First Watch (opening 2025/2026), plus Sendik’s, Planet Fitness, Landmark Credit Union.
Affluent Demographics – Over 44,000 residents within 5 miles with average household incomes exceeding $153,000.
Regional Employment Drivers – Target Distribution Center, ProHealth Oconomowoc Hospital, Fleet Farm, and other large employers.

Description:

Brand-new, build-to-suit Chipotle Mexican Grill located in Olympia Fields, Oconomowoc, WI. This 2,325 SF prototype includes a Chipotlane digital drive-thru and is backed by a new 15-year NN+ corporate lease with Chipotle Mexican Grill, Inc. (NYSE: CMG, S&P: BBB). The lease features 10% rent escalations every 5 years, including option periods, providing long-term income growth and stability.

The property is situated on 0.80 acres within Olympia Fields, Lake Country’s premier mixed-use development directly off I-94 and Highway 67 (±60,000 VPD and ±24,000 VPD). Co-tenancy includes Panera Bread (recently opened) and First Watch (under construction), alongside Sendik’s Food Market, Planet Fitness, and Landmark Credit Union. Olympia Fields also includes major residential and entertainment projects such as Locklyn Apartments (224 units) and The Social, a 60,000 SF multi-use entertainment venue.

Oconomowoc serves as the economic hub of Wisconsin’s Lake Country, one of the state’s most affluent regions, with a 5-mile average household income exceeding $153,000. The area’s growing residential base and employment drivers—including the Target Distribution Center and ProHealth Oconomowoc Memorial Hospital—ensure strong consumer traffic and long-term viability.