Log In/Sign Up
Your email has been sent.
Chipotle | Oconomowoc, WI 1299 Olympia Fields Dr 2,350 SF Retail Building Oconomowoc, WI 53066 $3,133,333 ($1,333.33/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term NN+ Lease – 15-year corporate lease with 10% escalations every 5 years; Chipotle self-manages CAM.
- Affluent Demographics – Over 44,000 residents within 5 miles with average household incomes exceeding $153,000.
- Corporate Guarantee – Lease backed by Chipotle Mexican Grill, Inc. (NYSE: CMG, BBB S&P).
- Prime Location – Olympia Fields mixed-use development directly off I-94 (60,000 VPD) & Hwy 67 (23,000 VPD).
- Strong Co-Tenancy – Adjacent to Panera Bread (new) and First Watch (opening 2025/2026), plus Sendik’s, Planet Fitness, Landmark Credit Union.
EXECUTIVE SUMMARY
A brand-new Chipotle Mexican Grill positioned in Oconomowoc, Wisconsin, featuring a 2,325 SF prototype with a Chipotlane digital drive-thru designed to maximize efficiency and meet growing consumer demand.
The property is backed by a 15-year NN+ corporate lease with Chipotle Mexican Grill, Inc. (NYSE: CMG | S&P: BBB), including 10% rent escalations every five years across the primary term and options. Tenant self-manages CAM, limiting landlord responsibilities to roof and structure.
Located within Olympia Fields, Lake Country’s premier mixed-use development directly off Interstate 94 and Highway 67 (±60,000 and ±23,000 VPD), the site enjoys excellent visibility, strong access, and high-quality co-tenancy. Neighbors include Panera Bread, First Watch, Sendik’s Food Market, Planet Fitness, and Landmark Credit Union.
Olympia Fields is evolving into a regional destination with new multifamily housing, retail, and entertainment development, including Locklyn Apartments (224 units), a 116-unit mixed-use building, and The Social, a 60,000 SF entertainment venue. Combined with Oconomowoc’s affluent demographics—average household income exceeding $153,000 within 5 miles—and major employment drivers such as the Target Distribution Center and ProHealth Oconomowoc Memorial Hospital, this property offers investors long-term stability and growth.
The property is backed by a 15-year NN+ corporate lease with Chipotle Mexican Grill, Inc. (NYSE: CMG | S&P: BBB), including 10% rent escalations every five years across the primary term and options. Tenant self-manages CAM, limiting landlord responsibilities to roof and structure.
Located within Olympia Fields, Lake Country’s premier mixed-use development directly off Interstate 94 and Highway 67 (±60,000 and ±23,000 VPD), the site enjoys excellent visibility, strong access, and high-quality co-tenancy. Neighbors include Panera Bread, First Watch, Sendik’s Food Market, Planet Fitness, and Landmark Credit Union.
Olympia Fields is evolving into a regional destination with new multifamily housing, retail, and entertainment development, including Locklyn Apartments (224 units), a 116-unit mixed-use building, and The Social, a 60,000 SF entertainment venue. Combined with Oconomowoc’s affluent demographics—average household income exceeding $153,000 within 5 miles—and major employment drivers such as the Target Distribution Center and ProHealth Oconomowoc Memorial Hospital, this property offers investors long-term stability and growth.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,350 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,133,333
Price Per SF
$1,333.33
Cap Rate
5.25%
NOI
$164,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.80 AC
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
CONTACTS
-
Dan Rosenfeld -
Andrew Lund -
Tanner Rosen -
Mid-America Real Estate – Wisconsin, LLC
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Chipotle | Oconomowoc, WI | 1299 Olympia Fields Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.