Glenville, NY - Chipotle

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a Chipotle Mexican Grill property located in Glenville, New York. The lease features over 10.5 years of remaining primary term with four (4) additional 5-year renewal options, providing long-term income security. The lease includes 8% rental increases at the start of lease year 11 and at the beginning of each option period, delivering consistent NOI growth and a built-in inflation hedge. The lease is backed by a corporate guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG), one of the most prominent and innovative brands in the fast-casual restaurant sector, with more than 3,800 locations nationwide. Structured as a NNN lease with minimal landlord responsibilities, the asset offers a passive, low-management opportunity ideal for out-of-state investors.

The property is prominently located along Saratoga Road / State Highway 10 (16,000 VPD), a key commercial thoroughfare, and benefits from excellent visibility and multiple access points that support strong customer traffic flow. It is situated within a dense retail corridor and directly adjacent to Target, WellNow Urgent Care, and Bank of America. Additionally, it is steps from Mayfair Shopping Center, a Hannaford-anchored center featuring national brands such as Great Clips, Five Guys, and Starbucks. This strong surrounding tenant mix enhances consumer draw and supports cross-shopping at the subject property. The 5-mile trade area is home to more than 98,800 residents and 50,200 employees, with an average household income of $103,206. These strong local demographics support sustained consumer demand and long-term retail performance.

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Listing ID: a28TP000002F0PxYAK