Chipotle | Corporate Guaranty | 5.94% CAP 2423 W Hundred Rd

The property is ideally situated in the Bermuda Square Shopping Center, a vibrant retail destination featuring well-known anchors such as Hobby Lobby and Burlington, along with out parcels like Little Caesars and Valvoline. Newcomers to the area, including Sleep Number, Raising Cane’s, and Aspen Dental, have recently opened in a new strip building along Richmond Highway. With prime visibility on West Hundred Road and close proximity to the I-95 interchange, which handles 124,000 vehicles per day, this location offers excellent traffic exposure. The surrounding area is home to a variety of national retailers, such as Lowe’s, Office Depot, and Starbucks, enhancing its commercial appeal.
Chipotle Mexican Grill has been a prominent tenant at this site for over ten years, operating under a low-rent, corporately guaranteed lease that includes significant rental increases of over 12% in each renewal period. The company recently exercised its first 5-year renewal option, demonstrating its strong performance and commitment to the location. Listed on the Fortune 500 and featured on Fortune’s Most Admired Companies list, Chipotle continues to expand rapidly with over 3,000 locations across North America and international markets. Its focus on innovation, including advancements in digital ordering and sustainability, highlights its effective growth strategy and resilience in the market.