November Capital / September 19, 2022
Notable Chipotle Transactions Over the Last Several Months
According to CoStar, since September 2021, 18 new construction Chipotle offerings closed at an average cap rate of 4.20% and average sale price of $3,200,000.
1031 investor demand remains extremely strong for long term leases backed by strong credit worthy tenants. Most Chipotle leases require little to no landlord responsibility, enabling the landlord to rely on a predictable and passive income stream.
- 6/17/2022 – Casselberry, Florida- Chipotle store with 15 years remaining sells for $3.6M (3.46% Cap Rate)
- 4/28/2022 – Baytown, Texas – Chipotle with 20 years remaining on lease sells for $4.6M (3.75% Cap Rate)
- 4/5/2022 – Tupelo, Mississippi – Chipotle with over 15 years remaining sells for $3,364,000 (3.85% Cap Rate)
- 3/21/2022 – Jackson, Tennessee – Chipotle with 15 years remaining sells for $2,925,000 (4.17% Cap Rate)
- 3/1/2022 – Brunswick, Georgia – Chipotle with 10 years remaining sells for $3,115,000 (4.25% Cap Rate)
- 1/31/2022 – Easton, Pennsylvania – Chipotle with 15 years remaining sells for $4,300,000 (3.84% Cap Rate)
- 1/3/2022 – Statesboro, Georgia – Chipotle with 15 years remaining sells for $3,437,500 (4.00% Cap Rate)
