Chipotle | 1900 10th Ave S
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Chipotle 1900 10th Ave S
2,325 SF 4-Star Retail Building Great Falls, MT 59405 $3,981,673 CAD ($1,713 CAD/SF) 4.80% Cap Rate
Investment Highlights
- Corporate Chipotle located in Great Falls, which is the 3rd largest city in Montana
- 10% rental escalations every 5 years, providing a hedge against inflation
- Chipotle is one block to the west of a Target and Albertsons anchored center; the Great Falls Albertsons location ranks in the 97% nationwide
- 15-year net lease opportunity, offering a long-term passive income stream
- The subject property is located on 10th Avenue S (U.S. Route 87), and benefits from excellent street visibility and high traffic counts of 38,697 VPD
- Malmstrom Air F orce Base is to the east of the subject property, and is home to approximately 4,281 service members and civilians
Executive Summary
This net lease, build-to-suit Chipotle is on a brand new, 15 year lease with 10% increases every 5 years and three, 5-year extension options.
The subject property is equipped with a drive-thru and outdoor dining patio, and is located within the primary retail node that serves Great Falls.
The subject property is equipped with a drive-thru and outdoor dining patio, and is located within the primary retail node that serves Great Falls.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,325 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Price
$3,981,673 CAD
Price Per SF
$1,713 CAD
Cap Rate
4.80%
NOI
$191,120 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.30 AC
Parking
18 Spaces (7.74 Spaces per 1,000 SF Leased)
Frontage
182 ft on 10th Avenue South
Amenities
- Drive Thru
Walk Score ®
Very Walkable (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 02-3016-18-2-40-16-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,961,636 CAD |
PROPERTY TAXES
Parcel Number
02-3016-18-2-40-16-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,961,636 CAD
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Chipotle | 1900 10th Ave S
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