Durham, NC - Chipotle

Description:

• The tenant recently signed a brand new 16-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, steadily growing NOI and hedging against inflation
• The property is scheduled to open December 2025

• The subject property is strategically located right off of Interstate-40, which averages over 173,000 vehicles passing by daily
• The site is located in the center of a primary retail corridor with other nearby national/credit tenants including Sprouts, Harris Teeter, Best Buy, Food Lion, McDonald’s, Dunkin, AutoZone, and many more

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Listing ID: a28TP000002LwSrYAK