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Chipotle Drive-Thru 3550 E Elk Ln 2,325 SF Retail Building Fremont, NE 68025 $2,540,000 ($1,092.47/SF) 5.65% Cap Rate
Investment Highlights
- 13+ Years Remaining on Corporate Lease with Chipotle
- High-Quality 2023 Construction with a "Chipotlane" Drive-Thru
- Dense Retail Corridor Location Surrounded by National Tenants: Menards, ALDI, Walmart, Goodwill, Tractor Supply Co, and More
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Chipotle Locations with a "Chipotlane" Generate 10 Percent More in Sales Than Traditional Chipotle Restaurants
- One Mile West of Gallery 23 East, a New Mixed-Use Development
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.
Fremont is a city in and the county seat of Dodge County in Nebraska. Home to more than 27,000 residents, Fremont is the sixth-most-populous city in the state.
Fremont is a city in and the county seat of Dodge County in Nebraska. Home to more than 27,000 residents, Fremont is the sixth-most-populous city in the state.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
B
Year Built
2023
Price
$2,540,000
Price Per SF
$1,092.47
Cap Rate
5.65%
NOI
$143,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.93 AC
Parking
42 Spaces (18.06 Spaces per 1,000 SF Leased)
Frontage
204’ on Elk Lane
Amenities
- Drive Thru
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Chipotle
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Chipotle | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 270140327 | Improvements Assessment | $681,402 |
| Land Assessment | $413,632 | Total Assessment | $1,095,034 |
Property Taxes
Parcel Number
270140327
Land Assessment
$413,632
Improvements Assessment
$681,402
Total Assessment
$1,095,034
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Chipotle Drive-Thru | 3550 E Elk Ln
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