4354 Goodman Rd
Horn Lake, MS 38637
Chipotle | Memphis MSA · Retail Property For Sale

Located on Goodman Rd with 28,000 AADT, this Walmart outparcel thrives in Horn Lake’s retail core. Surrounded by Lowe’s, Dollar Tree, and Starbucks, it draws from a five-mile population of 96,152. Proximity to Horn Lake Intermediate School (1,100+ students) ensures consistent family traffic.
Chipotle’s 15-year absolute NNN lease, starting ± August 1, 2025, shifts all taxes, insurance, maintenance, roof, structure, and parking lot costs to the tenant. With 10% rent increases every five years, the lease offers predictable growth through 2040 and four (4) five-year options. Chipotle Mexican Grill, Inc.’s corporate guaranty enhances investment security
Within three miles, 55.6% of 29,083 adults used take-out/drive-thru services in the past six months, reflecting strong demand for Chipotle’s model. The five-mile population of 96,152, with a 2.59 average household size, aligns with the brand’s broad appeal. Projected three-mile median income growth of 17.4% by 2029 supports sustained dining activity.
Constructed in 2025, the 2,325 SF facility features Chipotle’s advanced design, including a Chipotlane drive-thru for high-volume service. The 1.32-acre parcel optimizes parking and access while minimizing upkeep.
The three-mile radius boasts an average household income of $83,317, projected to reach $96,635 by 2029, outpacing state trends. Within one mile, the population of 6,893 has a median household income of $56,439, expected to grow 16.9% by 2029. This wealth drives Chipotle’s customer base.
Positioned 10 miles from downtown Memphis, the site leverages Goodman Rd’s connectivity and proximity to I-55 (1.5 miles). Baptist Memorial Hospital-DeSoto (0.8 miles) and a retail corridor with Wendy’s and AutoZone amplify traffic. The location’s cross-border Memphis appeal enhances its investment value.