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Chipotle - Near LSU (42,000 students) 801 Frogmore Dr 3,000 SF Retail Building Baton Rouge, LA 70820 $5,272,764 CAD ($1,757.59 CAD/SF) 5.15% Cap Rate

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Investment Highlights

New 15-year absolute NNN lease to Chipotle, a globally recognized Mexican restaurant chain with over 4,000 stores worldwide.
Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, ideal for both out-of-area or local investors.
Chipotle’s 2026 growth strategy blends rapid physical expansion, digital transformation, and operational automation.

10% rental increases every five (5) years in initial term and four (4) option periods of five years each, ensuring consistent income growth.
Chipotle reported total 2025 revenue of $11.9 billion, marking a 5.4% year over year increase, primarily driven by aggressive restaurant expansion.

Executive Summary

This property is ideally situated just five minutes from Louisiana State University, the state’s flagship institution and home to over 42,000 students, ensuring a steady flow of student and local traffic. Located near the intersection of W Lee Drive, which sees over 31,000 vehicles per day, and State Route 30/Nicholson Drive, with an additional 18,000 AADT, the site offers exceptional visibility and accessibility along a major corridor leading directly to LSU. The surrounding five-mile trade area includes a population of 132,447 and boasts an average household income of $99,474 within three miles, creating a strong demographic foundation for sustained demand.
The property is within walking distance of several large student housing communities, including Arlington Cottages and Townhomes (732 units), Campus Crossings on Brightside (252 units), and Oakbrook Apartments (244 units), further amplifying consistent customer traffic. Additionally, it benefits from proximity to key medical hubs, such as Our Lady of the Lake Regional Medical Center, which provides more than 900 beds and employs over 7,500 staff, along with Baton Rouge General – Bluebonnet with 355 beds and 3,500 employees. Positioned less than five miles from Downtown Baton Rouge, home to over 227,000 residents, this Chipotle location captures commuter, student, and neighborhood traffic alike, making it a prime destination in a dynamic growth market.