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Chipotle 1655 Boston Rd 2,325 SF Retail Building Springfield, MA 01129 $2,661,000 ($1,144.52/SF) 5.45% Cap Rate
Investment Highlights
- Corporate lease from Chipotle Mexican Grill, Inc. with over 3,700+ locations and $11.9B in annual revenue
- Built-in rent growth with 10% escalations every 5 years and four extension options through 2055
- Brand new 2025 construction minimizes exposure to near-term capital expenses
- New long-term lease with approximately 9.5 years remaining, expiring December 31, 2035
- Modern Chipotlane drive-thru prototype designed for digital ordering and throughput efficiency
- Strategically positioned along Boston Road generating approximately 17,200 vehicles per day
Executive Summary
Unique opportunity to acquire an investment-grade, single-tenant net lease asset with corporate guarantee from Chipotle in a supply-constrained market. Features new 2025 construction with Chipotlane drive-thru, 10-year primary term with four 5-year renewals, and 10% rent escalations every 5 years through 2055.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
2,325 SF
Building Class
B
Year Built
2025
Price
$2,661,000
Price Per SF
$1,144.52
Cap Rate
5.45%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.69 AC
Zoning
B1 - Business
Amenities
- Signage
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | SPRI-001655-000000-000405 | Improvements Assessment | $0 |
| Land Assessment | $4,170,400 | Total Assessment | $4,170,400 |
Property Taxes
Parcel Number
SPRI-001655-000000-000405
Land Assessment
$4,170,400
Improvements Assessment
$0
Total Assessment
$4,170,400
Contacts
-
Justin Smith -
Matt Ericson -
Chris Peterson -
Matt Austin -
Danielle Turpin -
Danny Griffin -
Bryan Anderson -
Chris Kelly -
Atlantic Capital Partners
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