Franklin, TN - Chipotle

Description:

• Chipotle recently signed a brand new 15-year lease with 4 (5-year) options to extend
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded
(NYSE: CMG) and nationally recognized tenant with over 3,800 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation

• Chipotle is located across the street from Parkway Commons, a 250,000+ SF retail center, that is anchored by Target, Kroger, Regions Bank and more
• The site is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Anytime Fitness, Advance Auto Parts, O’Reilly Auto Parts, NAPA, Tractor Supply Co, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site

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