8599 US Highway 51 N | Millington, TN 38053
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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
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
| Parcel Number | M0-115-A-00039 | Improvements Assessment | $622,560 |
| Land Assessment | $163,760 | Total Assessment | $786,320 |
Property Taxes
Parcel Number
M0-115-A-00039
Land Assessment
$163,760
Improvements Assessment
$622,560
Total Assessment
$786,320
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