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Chipotle with Chipotlane 4130 Roberts ln 2,325 SF Retail Building Morristown, TN 37814 $4,543,720 CAD ($1,954.29 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guaranty
- Publix Outparcel (Coming Soon)
- Nearby - Walmart, Ingle's Grocery Store, ALDI, Chili's, Texas Roadhouse, Cheddar's Scratch Kitchen, Starbucks, New Fairfield and Candlewood Suites
- High Traffic / High Commerce Area
- New Construction - 2025
EXECUTIVE SUMMARY
Positioned within the dynamic Bellwood Farms retail development, this Chipotle outparcel offers investors a rare opportunity to acquire a brand-new, net-leased asset backed by a corporate guaranty from Chipotle Mexican Grill (NYSE: CMG). The property spans 2,325 square feet on 0.77 acres and is part of a 140,000-square-foot power center anchored by Publix, Academy Sports, and Petsmart, with additional national tenants including Starbucks, Panda Express, and Whataburger (coming soon). The center is slated to open in Q4 2026, ensuring strong co-tenancy and foot traffic.
The lease structure is a 15-year absolute NNN with fixed 10% rent escalations every five years, beginning October 2025. Chipotle’s latest prototype store includes a Chipotlane drive-thru, enhancing convenience and boosting sales potential. Located minutes from I-81 and within a 45-minute drive to Knoxville and the Great Smoky Mountains National Park, the site benefits from regional connectivity and tourism draw. Morristown’s growing population and household income levels further support long-term stability.
This offering combines a top-tier tenant, strategic location, and passive income structure in a state with no income tax, making it an ideal choice for investors seeking reliable returns and minimal management.
The lease structure is a 15-year absolute NNN with fixed 10% rent escalations every five years, beginning October 2025. Chipotle’s latest prototype store includes a Chipotlane drive-thru, enhancing convenience and boosting sales potential. Located minutes from I-81 and within a 45-minute drive to Knoxville and the Great Smoky Mountains National Park, the site benefits from regional connectivity and tourism draw. Morristown’s growing population and household income levels further support long-term stability.
This offering combines a top-tier tenant, strategic location, and passive income structure in a state with no income tax, making it an ideal choice for investors seeking reliable returns and minimal management.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
C
Year Built
2025
Price
$4,543,720 CAD
Price Per SF
$1,954.29 CAD
Cap Rate
5%
NOI
$227,186 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.24 AC
Opportunity Zone
Yes
Zoning
OZ - Opportunity Zone
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 040-041.03 | Improvements Assessment | $0 CAD |
| Land Assessment | $473,402 CAD | Total Assessment | $473,402 CAD |
PROPERTY TAXES
Parcel Number
040-041.03
Land Assessment
$473,402 CAD
Improvements Assessment
$0 CAD
Total Assessment
$473,402 CAD
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Chipotle with Chipotlane | 4130 Roberts ln
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