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Chipotle Mexican Grill

$3,030,000

8515 Sura Lane, Greenfield, WI 53228

Pending
Last Updated: 03/14/2025

5

Cap Rate

151,706

NOI

Details:
Cap Rate:    5%
NOI:    $151,706
Lot Area:    0.85 acres
Occupancy:    100%
Class:    A
Lease Type:    Triple Net
Year Built:    2024
Zoning:    Commercial
Tenancy:    Single
Investment Strategy:    Core
Highlights:
  • Chipotle will commence a brand new 15-year lease with four, 5-year options to extend, showing a strong commitment to the site, and the Greenfield area.
  • The property is situated adjacent to Interstate 41/43 (125,000 VPD) at an interchange with 84th Street (20,700 VPD) and W Layton Ave (26,700 VPD) providing outstanding access to both a local and regional customer base.
  • Chipotle is a strong tenant who has a good credit rating (S&P: B+) which generated over $10.98 billion in revenue in 2024 with over 3,500 locations globally.
  • This location is situated in front of 84South, a shopping center that attracts over a million visits annually. Major retailers include Steinhafels, Kohl’s, Fresh Thyme Market, Ross Dress for Less, Marshalls, Ulta Beauty, and Total Wine.
  • The subject property is brand new and has a drive-thru, offering a layer of protection to a potential buyer, with reduced capital expenditures.
Description:

Mid-America Real Estate Wisconsin has been retained on behalf of the owner
to sell a newly constructed, Chipotle in Greenfield, Wisconsin. The property is
ideally positioned near Interstate 41/43.

Map:
Documents:
Title
Chipotle_84South_OM.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery