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2009 Columbia Ave
Franklin, TN 37064
Chipotle - Nashville (Franklin) TN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | Corporate Guaranty | Brand New Construction | Scheduled Rental Increases
- Parkway Commons (250,000+ SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence
- Local Demographics 5-Mile Trade Area | Six-Figure Income
- Absolute NNN Lease | Fee Simple Ownership (Land & Building) | No Landlord Responsibilities
- Near Signalized, Hard Corner Intersection | Excellent Visibility
EXECUTIVE SUMMARY
• Chipotle recently signed a brand new 15-year lease with 4 (5-year) options to extend
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded
(NYSE: CMG) and nationally recognized tenant with over 3,800 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded
(NYSE: CMG) and nationally recognized tenant with over 3,800 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,264 SF
Building Class
C
Year Built
2025
Price
$4,600,000
Price Per SF
$2,031.80
Cap Rate
4.65%
NOI
$214,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.28 AC
Zoning
LI - Light Industrial District
Parking
41 Spaces (18.11 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
- Drive Thru
- Monument Signage
PROPERTY TAXES
| Parcel Number | 090G-B-006.00-000 | Improvements Assessment | $186,840 |
| Land Assessment | $595,200 | Total Assessment | $782,040 |
PROPERTY TAXES
Parcel Number
090G-B-006.00-000
Land Assessment
$595,200
Improvements Assessment
$186,840
Total Assessment
$782,040
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