Chipotle - Princeton, TX_Actifs en vente
Chipotle - Princeton, TX_Actifs en vente
800 West Princeton Drive, Princeton, TX, 75407, US

Chipotle - Princeton, TX

Description de l'actif

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the opportunity to acquire the corporately guaranteed Chipotle located at 800 W. Princeton Drive in Princeton, TX (the “Property” or “Asset”). Chipotle Mexican Grill, Inc. (the “Tenant”) is the second-largest Mexican chain restaurant in the world.


The Asset is located 30 miles northeast of Dallas in the rapidly growing city of Princeton. The Asset occupies a strategic position along the booming US-380 retail corridor with direct exposure to over 37,000 vehicles per day. Princeton is in Collin County, one of the fastest-growing counties in the state.


The Property sits within the new Market Street development, a grocery-anchored shopping center with tenants set to include Market Street, The Learning Experience, Blaze Pizza, and Salad and Go, among others. Adjacent is the new Princeton Town Center, a soon to be developed 66-acre power center featuring national tenancy.


Princeton is a highly affluent city that has experienced rapid 265% population growth since 2010 in a 1-mile radius boasting household incomes of nearly $106,000. Princeton is undergoing substantial residential growth with several developments planned and underway totaling more than 17,700 single-family units and 5,100 multifamily units.


The Offering provides investors with the opportunity to acquire 10 years of passive cash flow from a global tenant with 10.0% inflation-hedging rent escalations every 5-years throughout all 4, 5-year options.

...

Caractéristiques de l'actif

Prix attendu
2 448 000 €
Taux de capitalisation
5 %
Revenu net
123 000 €
Année de construction
2023
Surface de l'actif Net
216 m²

Média

Points clés d'investissement

Corporate Guaranty

 

New 10-Year Lease with 10% rent bumps every 5 years

 

Outparcel to a new Market Street development and adjacent to the planned 66-acre Princeton Town Center featuring national retailers

 

US-380 frontage with visibility to 37K vehicles per day

 

High-growth, affluent demographics with 265% population growth since 2010 and AHHI of $110,000 within a 1-mile radius


Chipotle - Princeton, TX 4_Actifs en vente
Chipotle - Princeton, TX 4_Actifs en vente

Contacter l'équipe

Chipotle - Princeton, TX (0 actifs)
Vous avez des questions ? Consultez notre page FAQ
Voir la page FAQArrow Right
JLL peut vous accompagner dans le financement et la gestion de votre portefeuille. Contactez-nous pour découvrir comment nous pouvons vous aider.
Dernière mise à jour
15 avr. 2024