CAVA - Denver, CO (Central Park)
8969 East 46th Avenue, Denver, CO, 80238, US
₫100,328,820,000 | 240 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the new construction Chipotle located at 8968 E 46th Avenue in Denver, Colorado (“Property” or “Asset”). Chipotle is operating on a rare corporate absolute NNN ground lease with ±19.5 years of primary lease term remaining, 10% rent escalations every 5 years and four, five-year renewal options.
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Attributes
Asking price
₫89,754,047,000
Cap rate
4.25%
NOI
₫3,814,284,000
WAULT
19.5 years
Building area net
216 m²
Year built
2025
Media
Investment Highlights
- Rare 20-year corporate absolute NNN ground lease with ±19.5 years of primary lease term remaining and zero landlord responsibilities
- Adjacent to The Shops at Northfield, the #1 most visited Lifestyle Center in CO
- Chipotle is one of the largest and most recognized fast casual restaurant chains in the world with nine consecutive years of revenue growth
- Exceptional 1-mile demographics with 1,473% population growth since 2010 and a residential base earning $233K in average household income
- On the corner of Central Park Blvd & Interstate 70 with direct accessibility to 259,000+ VPD
- Positioned within greater Runway 35 North development with 12 acres of retail
Contact brokers
Chipotle - Denver, CO (Central Park) (0 Properties)
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Last updated
27 Oct 2025
