Chipotle

Highlights:

• Brand New 15-Year Absolute NNN Lease
• Strong Corporate Guarantee - Chipotle Mexican Grill, Inc. (NYSE: CMG)
• 10% Rent Increases Every 5-Years During Primary Lease Term & Options
• Dominant Retail Hub Location
• Brand New Construction | Latest Building Design with ‘Chipotlane’

Description:

Brand New 15-Year Absolute NNN Lease

No Landlord management or maintenance obligations whatsoever
The majority of Chipotle locations currently on the market are NN leases with landlord responsible for roof, structure, foundation, and parking

Strong Corporate Guarantee - Chipotle Mexican Grill, Inc. (NYSE: CMG)

$11.3 billion total revenue / $3.65 billion net worth (FY2024)
Chipotle owns and operates all of its restaurants, unlike competitors
The company anticipates opening 315 to 345 new restaurants in 2025
Chipotle is ranked on the Fortune 500, as one of Fortune’s Most Admired Companies, and on Time Magazine’s Most Influential Companies list

10% Rent Increases Every 5-Years During Primary Lease Term & Options

Providing long-term and predictable rent growth

Dominant Retail Hub Location

Located directly across from Auburn Mall - 527,000 SF with 50+ retailers
Surrounded by national retailers including Walmart, Target, Lowe’s, HomeDepot, Sam’s Club, Kroger, Best Buy, Harbor Freight, Starbucks, Planet Fitness, Chick-fil-A, AMC Theatres, McDonald’s, among many others

Brand New Construction | Latest Building Design with ‘Chipotlane’

Featuring a modernized building design with a drive-thru ‘Chipotlane’, which provides the fastest way to serve customers and is a critical component of Chipotle’s long-term growth strategy, proven to increase sales, margins, and returns for the company

Auburn - Alabama’s Fastest-Growing City | Home to Auburn University

Auburn University generates over $6.3 billion in economic impact to the state
Auburn is ranked in the Top 10 for Best-Performing Small Cities by Milken Institute (2025) reflecting the city’s growth and high-tech industry expansion
The U.S. Census Bureau ranks Auburn as the fastest-growing city in Alabama for 2022-2023

AL Broker of Record: Eddie Greenhalgh
License: 000088298-0

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