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CHIPOTLE | ABSOLUTE NNN 4300 N. Rancho Drive 2,325 SF Retail Building Las Vegas, NV 89130 $4,330,000 ($1,862.37/SF) 4.25% Cap Rate
Investment Highlights
- Chipotle Mexican Grill (NYSE: CMG)
- Ten Percent (10%) Increases Every Five (5) Years
- Fee Simple Ownership | Land & Building = Depreciable
- New Fifteen (15) Year Lease | Four (4) Five (5) Year Options
- Absolute Triple Net (NNN) Lease | Zero Landlord Responsibilities
- Nevada Tax Free State | FILE PHOTOS USED IN OM
Executive Summary
Colliers is pleased to present the opportunity to acquire the fee simple interest, in an absolute triple net (NNN) corporate Chipotle Built-to-Suit lease, located in Las Vegas, Nevada.
Chipotle signed a fifteen (15) year lease with four (4) five (5) year options to extend. The lease is an absolute triple net (NNN) lease with zero landlord responsibilities.
The subject property is located on Rancho Drive, just south of the southeast corner of Rancho Drive and Craig Road. This location sits on Rancho Drive, adjacent to EOS Fitness, Dutch Bros., 7-Eleven, WOW Car Wash, Take 5 Oil Change, McDonald's, and Hawaiian Bros Island Grill.
Retailers located in the immediate trade area include Planet Fitness, Habit Burger, Superior Grocers, Bank of America, Wells Fargo, Lowe's, Burger King, Panda Express, and Walmart Neighborhood Market.
Chipotle signed a fifteen (15) year lease with four (4) five (5) year options to extend. The lease is an absolute triple net (NNN) lease with zero landlord responsibilities.
The subject property is located on Rancho Drive, just south of the southeast corner of Rancho Drive and Craig Road. This location sits on Rancho Drive, adjacent to EOS Fitness, Dutch Bros., 7-Eleven, WOW Car Wash, Take 5 Oil Change, McDonald's, and Hawaiian Bros Island Grill.
Retailers located in the immediate trade area include Planet Fitness, Habit Burger, Superior Grocers, Bank of America, Wells Fargo, Lowe's, Burger King, Panda Express, and Walmart Neighborhood Market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
C
Year Built
2026
Price
$4,330,000
Price Per SF
$1,862.37
Cap Rate
4.25%
NOI
$184,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.88 AC
Zoning
General Commercial C-2 - City of Las Vegas | General Commercial | C-2
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Chipotle Mexican Grill, Inc.
- -
- 2,325 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Chipotle Mexican Grill, Inc. | - | 2,325 SF | - | Triple Net | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Not bikeable
10/100
Nearby Major Retailers
1 of 7
Videos
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Photos
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CHIPOTLE | ABSOLUTE NNN | 4300 N. Rancho Drive
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