US - Lubbock, TX
¥1,329,562,000 | 6,548 sm
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale a brand-new construction, single tenant Chipotle (the “Property” or “Asset”) offering in High Point, North Carolina. The offering includes the opportunity to acquire the additional pad site adjacent to the Asset, providing an exceptional add-on development opportunity. Chipotle recently executed a 15-year lease with contractual increases of 10% every 5 years and multiple renewal options. The NNN lease features a corporate guaranty from Chipotle Mexican Grill, Inc. minimizing any short-term investment risk.
The Property offers a rare opportunity to acquire an industry leading tenant on a long-term, NNN lease near the main campus of High Point University. The Asset is positioned in a highly trafficked retail corridor anchored by Walmart Supercenter which attracts over 2 million shoppers annually. The tenant opened for business in October 2022.
Alex Sharrin, Jeffrey Cicurel, and Alex Geanakos are limited nonresident commercial real estate brokers.
BROKER OF RECORD: Pete Pittroff LICENSE #: NC - 163984