Chipotle 5001 N 2nd Ave 2,304 SF Retail Building Kearney, NE 68847 $2,347,200 ($1,018.75/SF) 5.25% Cap Rate

We are pleased to offer this freestanding Chipotle with drive-thru located in Kearney, NE at an asking price of $2,347,200 - 5.25% Cap Rate. Chipotle sits as an outparcel to the Hilltop Mall, which is Kearney's premier destination for shopping. Anchor tenants at the mall include JC Penney, Old Navy, Buckle, Dunham's, Harbor Freight as well as many others. Additional retailers in the immediate trade area include Target, Walmart, Marshall's, Ross, PetSmart and Hy-Vee. The subject property was built in 2021 and is comprised of a 2,304 SF building situated on a 0.55 acre parcel (both per public records). The primary term of the lease is set to expire February 29, 2032 with 4, 5 year options to follow. There is a scheduled 10% rental increase which will take place on March 1, 2027, and will provide a Buyer with a near term increase in yield. The tenant is responsible for the payment of taxes, insurance and CAM with the landlord responsible for roof and structure. Chipotle is a leading fast casual restaurant chain with over 4,000 locations globally which also created the Chipotlane, which is an innovative drive-thru lane for digital pickup.