Chipotle 10611 Greenbelt Rd 2,325 SF 4-Star Retail Building Lanham, MD 20706 $4,198,173 CAD ($1,805.67 CAD/SF) 5.25% Cap Rate

Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment tenanted by Chipotle Mexican Grill, one of the most recognized and successful fast-casual restaurant brands in the United States. The property is secured by a corporate-guaranteed NN lease, offering investors a stable income stream backed by Chipotle Mexican Grill, Inc. Constructed in 2026, the asset features a brand new prototype with a 15-year primary lease term and attractive 10% rental increases every five years, creating both long-term income durability and embedded growth.
Founded in 1993 in Denver, Colorado, Chipotle has grown into a leading publicly traded restaurant company and a pioneer of the fast-casual dining segment. Today, the company operates more than 4,000 locations globally and employs approximately 130,000 people. Chipotle generated approximately $11.9 billion in revenue in 2025 and maintains a market capitalization of roughly $48.54 billion. Publicly traded on the NYSE under the ticker symbol “CMG,” the company remains one of the largest and most prominent restaurant platforms in the country, supported by continued store expansion and strong consumer demand.
The property is located at 10611 Greenbelt Road in Lanham, Maryland, along Greenbelt Road (MD-193), a major commuter corridor with traffic counts of approximately 37,359 vehicles per day. The site is positioned within a densely populated trade area featuring more than 186,000 residents within a five-mile radius and average household incomes exceeding $146,000 within three miles. The asset also benefits from its location within a grocery-anchored shopping center alongside Giant Food, KFC, and McDonald’s, and is approximately 10 minutes from the University of Maryland, College Park, which serves more than 40,000 students. In addition, the property is located approximately 1.5 miles from NASA Goddard Space Flight Center, providing an additional long-term employment and demand driver for the area.
This offering represents an opportunity to acquire a newly constructed Chipotle investment with corporate credit backing, long-term lease security, contractual rent growth, and strong underlying real estate fundamentals in a dense and well-established Maryland trade area.