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Chipotle | Oconomowoc, WI 1299 Olympia Fields Dr 2,350 SF Retail Building Oconomowoc, WI 53066 $4,283,423 CAD ($1,822.73 CAD/SF) 5.25% Cap Rate

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Investment Highlights

Long-Term NN+ Lease – 15-year corporate lease with 10% escalations every 5 years; Chipotle self-manages CAM.
Affluent Demographics – Over 44,000 residents within 5 miles with average household incomes exceeding $153,000.
Corporate Guarantee – Lease backed by Chipotle Mexican Grill, Inc. (NYSE: CMG, BBB S&P).

Prime Location – Olympia Fields mixed-use development directly off I-94 (60,000 VPD) & Hwy 67 (23,000 VPD).
Strong Co-Tenancy – Adjacent to Panera Bread (new) and First Watch (opening 2025/2026), plus Sendik’s, Planet Fitness, Landmark Credit Union.

Executive Summary

A brand-new Chipotle Mexican Grill positioned in Oconomowoc, Wisconsin, featuring a 2,325 SF prototype with a Chipotlane digital drive-thru designed to maximize efficiency and meet growing consumer demand.
The property is backed by a 15-year NN+ corporate lease with Chipotle Mexican Grill, Inc. (NYSE: CMG | S&P: BBB), including 10% rent escalations every five years across the primary term and options. Tenant self-manages CAM, limiting landlord responsibilities to roof and structure.
Located within Olympia Fields, Lake Country’s premier mixed-use development directly off Interstate 94 and Highway 67 (±60,000 and ±23,000 VPD), the site enjoys excellent visibility, strong access, and high-quality co-tenancy. Neighbors include Panera Bread, First Watch, Sendik’s Food Market, Planet Fitness, and Landmark Credit Union.
Olympia Fields is evolving into a regional destination with new multifamily housing, retail, and entertainment development, including Locklyn Apartments (224 units), a 116-unit mixed-use building, and The Social, a 60,000 SF entertainment venue. Combined with Oconomowoc’s affluent demographics—average household income exceeding $153,000 within 5 miles—and major employment drivers such as the Target Distribution Center and ProHealth Oconomowoc Memorial Hospital, this property offers investors long-term stability and growth.