Chipotle

Highlights:

• Rare 20 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Four (5-Year) Options to Renew
• 10% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
• Corporately Guaranteed Lease by Chipotle Mexican Grill, a Leading Fast-Casual Restaurant Brand Founded in 1993 That Operates More Than 3,400 Locations and Has a Market Cap Exceeding $53 Billion as of September 2025
• Brand New Construction, Pride of Ownership Asset Featuring Chipotle’s Latest “Chipotlane” Drive-Thru Prototype – a Modern and Aesthetically Pleasing Property
• Located in the Primary Retail Corridor Servicing South Side, the Most Affluent Area in Corpus
• Situated on a Highly Functional 0.834-Acre Parcel with 44 Parking Spaces and a 10-Car Stack Drive-Thru, Providing Chipotle with the Ability to Effectively Handle High Restaurant Volume
• High Traffic Location with Excellent Access and Visibility to Over 70,000 Vehicles Per Day at the Signalized Intersection of Saratoga Boulevard and Cimarron Boulevard
• Densely Populated Location with Excellent Demographics – More Than 179,000 People Living Within a 5-Mile Radius of the Property with Average Household Income Exceeding $99,000 Annually
• High Barrier to Entry Trade Area – Part of a 9 Acre Redevelopment of a Former Hospital Campus with Co-Tenants Including 7-Eleven/Stripes, Dutch Bros, Valvoline and Extra Space Storage
• Over 8.4 Million Square Feet of Industrial & Office Space and 2.3 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 47,000 Employees
• Located Directly Across from a High-Volume Walmart Supercenter (Top 14% in US) That Has Seen More Than 2.96 Million Visits During the Last Calendar Year, Bringing Daily-Needs Consumers to the Trade Area
• Approximately 1.4 Miles from the 158-Bed Christus Spohn Hospital with Over $1.22 Billion in Total Patient Revenue in 2024 and a Staff Count Exceeding 400 Healthcare Professionals
• Tremendous Multi-Family Density with Over 8,000 Apartment Units Located within a 5-Mile Radius of the Property
• Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset

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