New Chipotle W/ Chipotlane-Adj to Chick-fil-A

Highlights:

• Chipotle (NYSE: CMG) National, credit tenant operates 3,700+ locations worldwide with $11.3B+ revenue and a $75B+ market cap.
• New 17-year building lease with multiple 4–5 year options, offering long-term stability, land & building ownership, and tax benefits.
• Absolute NNN lease – Chipotle responsible for all repairs, maintenance, and property expenses with no landlord obligations.
• Brand new 2025 Chipotlane drive-thru prototype with fixed 10% rent increases every 5 years, boosting NOI, ROI, and providing inflation protection.
• Adjacent to: 7 Brew, Chick-fil-A, Mike's Car Wash, Thortons & Menards
• New pad building with prime street visibility along Preston Hwy (55K+ VPD), adjacent to I-265 (90K+ VPD) and near I-65 (135K+ VPD).

Description:

KENTUCKY BROKER OF RECORD.....Justin Baker .. Lic No: 204053
Faris Lee Investments is pleased to offer the fee simple interest (land & building) in a newly constructed, freestanding Chipotle located at 10415 Preston Highway, Louisville, Kentucky 40229 with a September 12, 2025 grand opening. This prime investment opportunity features a brand-new 2025 construction and the latest “Chipotlane” drive-thru prototype, designed to significantly boost sales volume and operational efficiency. The property comes with a strong, long-term seventeen (17) year absolute NNN lease with 4-5 year options, guaranteeing long-term stability and security for the investor. The lease includes scheduled rental increases throughout the term and option periods, ensuring a natural hedge against inflation and consistent cash flow. Investors will benefit from land and new building ownership with an investment grade tenant and zero deferred maintenance, providing unparalleled advantages in the robust Louisville market.
The tenant, Chipotle (NYSE: CMG), is an investment-grade, national credit tenant with a strong financial standing. As a publicly traded, international quick-service restaurant chain, Chipotle reported annual revenues exceeding $11.3 billion in 2024 and operates over 3,700 restaurants worldwide, including locations in the United States, Canada, the United Kingdom, France, Germany, Kuwait, and the United Arab Emirates. With approximately 130,000 employees and a market capitalization exceeding $75 billion as of July 2025, Chipotle continues to be a reliable and prestigious brand in the quick-service restaurant segment. The absolute NNN lease structure means Chipotle is responsible for all building, structure, and roof maintenance, as well as common area expenses like parking lot upkeep, landscaping, and lighting, eliminating landlord responsibilities for repairs and maintenance. Chipotle’s lease structure at this location offers ease of management and is ideal for passive investors or those seeking a 1031 exchange, as the tenant handles all property taxes, liability insurance, and recurring operating expenses.
Strategically positioned in a dynamic trade area, the property boasts excellent street visibility, fronting highly traveled Preston (61) Highway, which has over 55,000 vehicles per day. It is also adjacent to Interstate 265 (over 90,000 VPD), a major arterial, and in close proximity to Interstate 65 (135,000 VPD). This new pad building is situated in the heart of a large regional retail trade area, strategically located between a high-volume Chick-fil-A Restaurant and a Menards Home Improvement Superstore. Nearby major retailers include Walmart, Lowe’s Home Improvement, Kroger, Kohl’s, Meijer, Tractor Supply Co., and Cinemark Cinemas, ensuring a consistent flow of consumer traffic. Louisville is a major distribution hub experiencing high growth, with over 20 million square feet of distribution and warehousing complexes recently built in the county. Top employers in the area include Amazon, UPS, Ford Motor Co., Best Buy Logistics, and Gordon Food Service. The Louisville International Airport, just 9 miles from the property, is the third-largest cargo airport in North America. Furthermore, Ford Motor Co.’s commitment of over $5.8 billion to develop two state-of-the-art lithium battery plants in the trade area signals robust economic expansion and job growth. With a Louisville/Jefferson County, KY-IN Metro Area population of 1.36 million in 2023 and an average household income within one (1) mile of $92,076, the market demonstrates strong demographic fundamentals and consistent population growth. This investment presents a compelling opportunity to acquire a high-quality asset in a prime location with strong returns.

Louisville, the state’s largest metropolitan area, is a vibrant city that sits on the Ohio River along the Indiana border with a rapidly growing population, diversification of employment, and attractive multifamily supply/demand balance. With a highly successful series of major distribution facilities now open and future capital investments in distribution parks planned, Louisville continues to be the focus of institutional investment. Leading this remarkable transformation is the development and expansion of UPS Worldport, the corporation’s main global air hub for its distribution business across the US. The series of substantial improvements has steadily boosted UPS employment in the Louisville metro. The additional logistics jobs created over the past five years have had a multiplier effect in several areas including retail and office support positions. Louisville is less than a day’s drive to 2/3 of the U.S. population. With 20 employers in the healthcare sector, Louisville is at the forefront of the nation’s healthcare trends. Nationally-recognized Fortune 500 companies, Humana and Kindred Healthcare, are headquartered in Louisville. These health-related establishments employ more than 124,000 people with an annual payroll over $4 billion and account for $50 billion in revenue. Median annual pay for health-related occupations is 30% higher than the average median annual pay for the county as a whole, which will positively impact renter demographics and income profiles.
Every May, Louisville’s race course Churchill Downs hosts the Kentucky Derby, a renowned horse race whose long history is explored at the Kentucky Derby Museum. The Derby is preceded by a two-week-long Kentucky Derby Festival, which starts with the annual Thunder Over Louisville, the largest annual fireworks display in North America. Esquire magazine has called the Kentucky Derby “the biggest party in the south”. Baseball is celebrated at the Louisville Slugger Museum and Factory, where Major League bats are produced and a giant baseball “slugger” marks the entrance. Kentucky is the undisputed global capital for bourbon production, with some 95% of the world’s supply made in and around Louisville. The Kentucky Bourbon Trail was created to help visitors make a self-guided discovery of this barrel-aged, corn-based whiskey and enjoy some samples at distilleries along the way. Bourbonism helps generate 24 million visits a year to Louisville.