Chipotle - High Point, NC

2650 S Main St, High Point, NC, 27263-1941, US

Chipotle - High Point, NC_Property for Sale


Chipotle - High Point, NC 2_Property for Sale

Asset Description

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


Asking Price
SEK 29,038,000
Building area Net
220 m²
Year built
Land area Net
0.01 km² (5,463 m²)

Investment Highlights

  • Brand-new construction building leased to Chipotle on a 15-year NNN lease with a corporate guaranty + additional 0.59 AC parcel

  • Located in an established trade area on an outparcel of Walmart Supercenter

  • Newly constructed masonry and steel building on a wide, corner lot with dual entry ways, outdoor patio, and drive-thru window 

  • Located less than 2.5 miles from the main campus of High Point University, a four-year institution with over 6,000 students and faculty
Chipotle - High Point, NC 4_Property for Sale
Chipotle - High Point, NC 4_Property for Sale

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Last updated
2 Mar 2023