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2730 Richlands Hwy
Jacksonville, NC 28540
Chipotle | New 15-Year Abs NNN Lease · Retail Property For Sale
Investment Highlights
- Brand new 15-year absolute NNN lease with 10% rental increases every five years in initial term and option periods
- Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies
- No landlord management makes this property ideal for passive investors
- Strong corporate guarantee from an investment-grade national retail tenant (NYSE: “CMG”)
- Chipotle is the only restaurant company of its size that owns and operates all its restaurants
- Chipotle’s revenue for 2023 was $9.54 billion, a 13.32% increase year-over-year
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.93 AC
Zoning
CC
Parking
31 Spaces (12.92 Spaces per 1,000 SF Leased)
Frontage
163’ on US Highway 258 Highway
Amenities
- Bus Line
- Drive Thru
Property Taxes
| Parcel Number | 075338 | Improvements Assessment | $382,380 |
| Land Assessment | $491,350 | Total Assessment | $873,730 |
Property Taxes
Parcel Number
075338
Land Assessment
$491,350
Improvements Assessment
$382,380
Total Assessment
$873,730
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