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Chipotle Mexican Grill 6408-6438 W Wilkinson Blvd 2,325 SF Retail Building Belmont, NC 28012 $3,747,000 ($1,611.61/SF) 4.75% Cap Rate
Investment Highlights
- CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- LOCATED IN DENSE AND AFFLUENT RETAIL TRADE AREA
- CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
Executive Summary
CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- Chipotle has a market cap of $82B (NYSE: CMG) with over 3,750+ locations across the country
- Chipotle opened 304 new restaurants in 2024 with 257 of those locations utilizing a Chipotlane
LOCATED IN DENSE AND AFFLUENT RETAIL TRADE AREA
- Within a 1-mile radius of the subject site is more than 1.2M SF of retail space and AHHI exceeds $110K
- This space boasts a vacancy rate of 0.1%
- Nearby national retailers include: ALDI, Lowe’s Home Improvement, Walmart Supercenter, Roses, Big Lots, and more
HIGH VISIBILITY AND TRAFFIC
- Located on Wilkinson Blvd (US-74) with 16K+ VPD | Immediate access to I-85 (105K+ VPD)
- Strong exposure to both local and regional commuters
- Within a 3-mile radius of the site are more than 35K people and in a 5-mile radius over 85K people
CLOSE PROXIMITY TO MARKET DRIVERS
- Across the street from the site is Belmont Abbey College which has over 1,600 students and 527 full time employees
- Located 1.4 miles west of the site is Stuart W Cramer High School with over 950+ students | Local student population count provides a built-in customer base
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage)
- Charlotte forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022)
- 5th fastest growing city from 2021 to 2022 (population change 15,217)
STRONG LEASE FUNDAMENTALS
- 15 Year Abs. NNN Lease with zero landlord responsibilities
- Four (4) five (5) year extensions remaining
- 10% increases every 5 years in base rent and in option periods
- Chipotle has a market cap of $82B (NYSE: CMG) with over 3,750+ locations across the country
- Chipotle opened 304 new restaurants in 2024 with 257 of those locations utilizing a Chipotlane
LOCATED IN DENSE AND AFFLUENT RETAIL TRADE AREA
- Within a 1-mile radius of the subject site is more than 1.2M SF of retail space and AHHI exceeds $110K
- This space boasts a vacancy rate of 0.1%
- Nearby national retailers include: ALDI, Lowe’s Home Improvement, Walmart Supercenter, Roses, Big Lots, and more
HIGH VISIBILITY AND TRAFFIC
- Located on Wilkinson Blvd (US-74) with 16K+ VPD | Immediate access to I-85 (105K+ VPD)
- Strong exposure to both local and regional commuters
- Within a 3-mile radius of the site are more than 35K people and in a 5-mile radius over 85K people
CLOSE PROXIMITY TO MARKET DRIVERS
- Across the street from the site is Belmont Abbey College which has over 1,600 students and 527 full time employees
- Located 1.4 miles west of the site is Stuart W Cramer High School with over 950+ students | Local student population count provides a built-in customer base
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage)
- Charlotte forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022)
- 5th fastest growing city from 2021 to 2022 (population change 15,217)
STRONG LEASE FUNDAMENTALS
- 15 Year Abs. NNN Lease with zero landlord responsibilities
- Four (4) five (5) year extensions remaining
- 10% increases every 5 years in base rent and in option periods
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
2,325 SF
Building Class
C
Year Built
2025
Price
$3,747,000
Price Per SF
$1,611.61
Cap Rate
4.75%
NOI
$178,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.50 AC
Zoning
H-C - Highway Commercial
Parking
150 Spaces (64.52 Spaces per 1,000 SF Leased)
Frontage
344’ on Wilkinson Blvd
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Chipotle
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Chipotle | Retailer | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Variable retail space available in popular shopping center fronting Wilkinson Blvd, Highway 74.
| Space | Size | Space Use | Position | Available |
| 6408-10 | 2,000 SF | Retail | - | Now |
6408-10
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
6408-10
| Size | 2,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Variable retail space available in popular shopping center fronting Wilkinson Blvd, Highway 74.
Nearby Major Retailers
Property Taxes
| Parcel Number | 125066 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,982,090 |
Property Taxes
Parcel Number
125066
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,982,090
Contacts
-
David Hoppe -
Mike Lucier -
Ben Olmstead -
Connor Kuchman -
Ben McCarter -
Atlantic Capital Partners
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Chipotle Mexican Grill | 6408-6438 W Wilkinson Blvd
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