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Chipotle 11051 41st st 2,243 SF Retail Building Tulsa, OK 74146 $3,685,000 ($1,642.89/SF) 4.75% Cap Rate
EXECUTIVE SUMMARY
Brand New 15 Year Absolute Net Lease – No Landlord Responsibilities
Investment Grade – Chipotle Mexican Grill (NYSE: CMG) with over $9.9Billion in Annual Revenue with Over 3,500 Locations Nationwide
10% Rent Increases Every 5 Years and in the Option Periods
New “Chipot-Lane” Building Prototype Offers Drive Thru Concept for Ordering and Digital Pick Up
Shadowed by Reasor’s Grocery (Brookshire Grocery Company) Surrounded by National Retailers and Strong Co-Tenancy – Quik Trip, Applebee’s,. Taco bell, McDonald’s, Sonic, Arby’s, Chase Bank, and Panda Express
Strong Expanding Trade Area – 145,655 Residents within 5 miles and had a Population Density of 1,929 people/sqmi which is Higher than Tulas’s average of ~1,181
Close Proximity to the University of Oklahoma Tulsa Campus (~1,127 Students), Thomas Edison Prep High School (~1,089 Students), Bishop Kelley HS (~925 Students), & Daniel Webster HS (~380 Students)
Investment Grade – Chipotle Mexican Grill (NYSE: CMG) with over $9.9Billion in Annual Revenue with Over 3,500 Locations Nationwide
10% Rent Increases Every 5 Years and in the Option Periods
New “Chipot-Lane” Building Prototype Offers Drive Thru Concept for Ordering and Digital Pick Up
Shadowed by Reasor’s Grocery (Brookshire Grocery Company) Surrounded by National Retailers and Strong Co-Tenancy – Quik Trip, Applebee’s,. Taco bell, McDonald’s, Sonic, Arby’s, Chase Bank, and Panda Express
Strong Expanding Trade Area – 145,655 Residents within 5 miles and had a Population Density of 1,929 people/sqmi which is Higher than Tulas’s average of ~1,181
Close Proximity to the University of Oklahoma Tulsa Campus (~1,127 Students), Thomas Edison Prep High School (~1,089 Students), Bishop Kelley HS (~925 Students), & Daniel Webster HS (~380 Students)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,243 SF
Building Class
B
Year Built
2025
Price
$3,685,000
Price Per SF
$1,642.89
Cap Rate
4.75%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.70 AC
Zoning
CN
AMENITIES
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Mar 2040
Chipotle was born of the radical belief that there is a connection between how food is raised and prepared, and how it tastes. Real is better. "Better for You, Better for People, Better for The Planet". It may be the hard way to do things, but it’s the right way. One of the first national restaurant brands to commit to goals on local and organic produce. First national restaurant brand to commit to using only responsibly raised meat with some of the highest animal welfare standards.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | - | Triple Net | Mar 2040 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 75452-94-19-01240 | Improvements Assessment | $0 |
| Land Assessment | $15,301 | Total Assessment | $15,301 |
PROPERTY TAXES
Parcel Number
75452-94-19-01240
Land Assessment
$15,301
Improvements Assessment
$0
Total Assessment
$15,301
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Presented by
Summit Real Estate
Chipotle | 11051 41st st
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