Chipotle | Jackson, MS

Retail

833 Vann Drive Jackson, TN 38305
Price:
$ 2,975,000
NOI:
$ 122,000
Lot Size:
1.06 acres
Year Built:
2021
Status:
Sale

INVESTMENT HIGHLIGHTS

15 YEAR ABSOLUTE NNN GROUNDLEASE
The Subject Property boasts a brand-new 15-year absolute NNN GL, accompanied by four (4), five (5) year renewal options.

BRAND NEW CHIPOTLANE PROTOTYPE LOCATION
This site will feature Chipotle’s brand new Chipotlane prototype, which includes a drive through pick up window.

BEST IN CLASS OPERATOR AND LEASE GUARANTOR
Subject Property is a Chipotle Mexican Grill and the lease is corporately guaranteed by Chipotle. As of December 31, 2020, Chipotle had revenues of approximately $6 Billion and a Net Worth of over $2 Billion. Currently, Chipotle operates over 2,700 locations and employs approximately 88,000.

EXCEPTIONAL PERFORMANCE THROUGHOUT THE PANDEMIC
As of year-end 2020, Chipotle expanded their footprint by over 160 new locations compared to year-end 2019. In addition to store count growth, Chipotle also increased their revenues by 7% and their Net Worth by 20%. Chipotle plans to open another 200 new locations in 2021.

STRONG INCOME TAX-FREE TENNESSEE MARKET
Subject Property is located 1-Hour north of Memphis and just off I-45 (33K VPD). The property is exceptionally located within Jackson’s premier retail corridor and within walking distance to Walmart, Starbucks, Sam’s, Aldi, Petsmart and Baymont Hotel among others.

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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

D. Andrew Ragsdale, Esq.
Senior Managing Director
918.878.9535
Ken Hedrick
Executive Managing Director
918.878.9540
Jerry Hopkins
Executive Managing Director
918.878.9536
Charlie Oates
901.484.0418

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