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Chipotle Drive-Thru 1710 Market Ln 2,325 SF Retail Building Norfolk, NE 68701 $2,906,000 ($1,249.89/SF) 5.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Corporate Lease with Chipotle (NYSE: CMG)
- High-Quality 2025 Construction with a "Chipotlane" Drive-Thru
- Chipotle Locations with a "Chipotlane" Generate 10 Percent More in Sales Than Traditional Chipotle Restaurants
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Only Chipotle within 80 Miles
- Outparcel to Sunset Plaza Mall and Surrounded by National Retailers: Walmart, Menards, Target, Hy-Vee Grocery Store, and More
EXECUTIVE SUMMARY
Chipotle Mexican Grill, Inc. (NYSE: CMG) is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, known for its large burritos, assembly-line production, and use of natural ingredients.
Norfolk is a city in northeast Nebraska, in Madison County, Nebraska, located in the Elkhorn River Valley. It lies at the intersection of U.S. Highways 81 and 275 and Nebraska Highways 24 and 35.
Norfolk is a city in northeast Nebraska, in Madison County, Nebraska, located in the Elkhorn River Valley. It lies at the intersection of U.S. Highways 81 and 275 and Nebraska Highways 24 and 35.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
B
Year Built
2025
Price
$2,906,000
Price Per SF
$1,249.89
Cap Rate
5.40%
NOI
$156,938
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.66 AC
Opportunity Zone
Yes
Zoning
C-3 - Service Commercial District
AMENITIES
- Restaurant
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
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 | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 590304046 | Improvements Assessment | $0 |
| Land Assessment | $396,494 | Total Assessment | $396,494 |
PROPERTY TAXES
Parcel Number
590304046
Land Assessment
$396,494
Improvements Assessment
$0
Total Assessment
$396,494
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Chipotle Drive-Thru | 1710 Market Ln
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