Palmdale, CA - Chipotle

Description:

SRS National Net Lease Group is pleased to present the opportunity to acquire the leased fee interest (land ownership) in a brand-new, Absolute NNN Ground Lease investment, guaranteed by Chipotle Mexican Grill, Inc. (NYSE: CMG). This newly constructed Chipotle is strategically located at the signalized intersection of Rancho Vista Boulevard and Town Center Drive in Palmdale, California. The tenant will execute a new 15-year ground lease with four (4) five-year renewal options, the lease features 10% rental increases every five years throughout the initial term and during each option period, providing investors with consistent NOI growth and a hedge against inflation. As a true Absolute NNN lease, the tenant is responsible for all taxes, insurance, CAM, and maintenance, creating a passive, management-free opportunity ideal for investors seeking long-term income, including those located out of state.

Strategically positioned in the heart of Palmdale’s dominant retail corridor, the property enjoys excellent visibility and access along Rancho Vista Blvd (34,200 VPD) and Town Center Dr (7,900 VPD). The Chipotle is located directly across from a Walmart Neighborhood Market-anchored center and benefits from immediate proximity to a strong mix of national tenants including Starbucks, Jack in the Box, AT&T, and McDonald’s. The area is further supported by a dense concentration of major retailers such as Target, Ross, Lowe’s, Aldi, HomeGoods, Sprouts, Petco, and Best Buy, which are located just minutes away within Antelope Valley Mall, Palmdale Marketplace, and Rancho Vista Plaza. Additionally, a 239-unit single-family home development is planned directly behind the site, further boosting daytime population and future foot traffic.