Chipotle | New 15yr Corp NNN w/ Incrs 7351 Central Rail Pt 2,325 SF Retail Building Colorado Springs, CO 80915 $3,116,000 ($1,340.22/SF) 5% Cap Rate

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land and building ownership) in a newly constructed Chipotle Mexican Grill investment property located in Colorado Springs, Colorado. The subject property is leased to Chipotle Mexican Grill, Inc. under a brand-new 15-year lease featuring four (5-year) options to extend, demonstrating the tenant’s long-term commitment to the site. The lease features attractive 10% rental increases every five years throughout the initial term and at the beginning of each option period, steadily growing NOI and providing a hedge against inflation. The property is leased on a NNN basis, with tenant responsibility for taxes, insurance, CAM reimbursements, utilities, and interior maintenance, while landlord responsibilities limited to roof, structure, foundation, and parking lot capital items. The corporate lease structure, long lease term, and limited management responsibilities make the asset an attractive passive investment opportunity.