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8599 US Highway 51 N
Millington, TN 38053
Chipotle | Memphis MSA · Retail Property For Sale

Investment Highlights

  • Leased to Chipotle (NYSE: CMG) on a brand new 15-year net lease; minimal landlord responsibilities
  • Chipotle has a market cap of nearly $51B; ranks 3rd for all restaurant brands (as of August 2023)
  • New high-quality construction: new prototype building completed in 2023 and features tenant’s new “Chipotlane” Drive-Thru
  • Corporate guarantee from national tenant: with over 3,100+ locations nationwide
  • Site is strategically located at a signalized intersection off the main thoroughfare of Millington, seeing a combined 42,124 VPD
  • Tennessee is one of the nine income tax-free states in the U.S; provides buyers with additional tax benefits

Property Facts

Property Type
Retail
Property Subtype
Fast Food
Building Size
2,235 SF
Building Class
C
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.19 AC
Zoning
B-2
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)

Amenities

  • Drive Thru
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
M0-115-A-00039
Land Assessment
$163,760
Improvements Assessment
$622,560
Total Assessment
$786,320
  • Listing ID: 29327914

  • Date on Market: 8/21/2023

  • Last Updated:

  • Address: 8599 US Highway 51 N, Millington, TN 38053

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