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Chipotle | Lexington, MN 9185 Hwy dr 2,325 SF Retail Building Circle Pines, MN 55014 $4,161,449 CAD ($1,789.87 CAD/SF) 5.35% Cap Rate
Investment Highlights
- Single-Tenant Chipotle Drive-Thru Pad to Northway Center, a Festival Foods Grocery-Anchored Shopping Center
- 10% Increases Every 5 Years During the Base Term and Each of the Three 5-Year Options
- Total Revenue for 2024 Was $11.3 Billion, an Increase of 14.6% Compared to 2023
- New 15-Year NNN Lease
- Corporate-Guaranteed Lease (NYSE: CMG); Over 3,800 Stores in the U.S., Canada, France, Germany, and the U.K.
- Chipotle Is Targeting 7,000 Locations by Decade’s End, With Average Unit Volumes Set to Hit $4M+
Executive Summary
New-Construction, 15-Year NNN Corporate Lease | 10% Increases Every 5 Years | Explosive Population Growth; 50% Citywide (2017-2024)
Property Facts
Sale Type
Investment
Property Type
Building Size
2,325 SF
Building Class
B
Year Built
2025
Price
$4,161,449 CAD
Price Per SF
$1,789.87 CAD
Cap Rate
5.35%
NOI
$222,573 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.56 AC
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (71)
Nearby Major Retailers
1 of 6
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Chipotle | Lexington, MN | 9185 Hwy dr
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