Offering Memorandum
Highlights
- Brand New 20-Year Absolute Triple-Net Ground Lease With 3x5-year Options And 10% Increases Every 5 Years
- Chipotlane Drive-Thru Concept - Inline With 86% Of Chipotle Openings In 2022
- Brand New All-Electric Restaurant Prototype, Only The 3rd Location In The Country - Design Includes Rooftop Solar Panels, All Electric Kitchen, Biodegradable Service Ware & Cactus Leather Chairs
- Adjacent To 300-Unit Apartment Development And Essential Retailers
- Located In Region Dominating Shopping Center, Promenade At Caste Rock & Outlets At Castle Rock
- Affluent Demographics: $186,124 Average HH Income& 15.2% Expected Population Growth (3-Miles)
- Price: $2,941,000
- Lot Size: 1.15 AC
- Cap Rate: 4.25%
- Lease Type: NNN Ground Lease
- Year Built: 2023
- Building SF: 2,325 SF
- Status: Sold
- Guarantor: Corporate Guarantee