Sold

Chipotle

Colorado Springs, CO 80923

Price

$3,121,000

Cap Rate: 4.50%

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Brand-New Construction “Chipotlane” Property Opening Soon in Colorado Springs

Blue West Capital is pleased to exclusively offer for sale a single tenant brand-new construction Chipotle property located in Colorado Springs, CO. The property is in an affluent and rapidly expanding corridor and is positioned just east of the major signalized intersection of North Powers Blvd and Dublin Blvd (89,000 VPD). Colorado Springs was ranked the #1 “Most Desirable Place to Live in the U.S.” in 2022 by U.S. News.

The Chipotle lease is estimated to commence in August 2023. The property features a long-term 10-year net lease to Chipotle Mexican Grill, Inc. There are 10% rental increases every five years. Chipotle is the industry leader in the fast casual sector and is a publicly traded company (NYSE: CMG) with a $57B market capitalization.

This brand-new construction “Chipotlane” property has a drive-up window that can be converted to a traditional drive thru in the future. Store sales at locations with a “Chipotlane” average 15% higher than stores without a Chipotlane. In 2022, same-store sales increased by 8% and digital sales accounted for 39.4% of the total food and beverage revenue companywide.

Investment Highlights

  • Corporate lease to Chipotle Mexican Grill, Inc., the leading company in the fast casual restaurant space
  • Chipotle is a publicly traded company (NYSE: CMG) with a $57 billion market capitalization
  • Long-term 10-year lease estimated to commence in August 2023
  • 10% rental increases every five years
  • “Chipotlane” location with a drive-up window that can be converted to a traditional drive thru in the future
  • Store sales at locations with a “Chipotlane” average 15% higher than stores without a Chipotlane
  • Brand-new construction property

Location Highlights

  • Colorado Springs ranked the #1 “Most Desirable Place to Live in the U.S.” in 2022 by U.S. News
  • Affluent area with average annual household income of approximately $125,000 within 3 miles
  • Positioned just east of the major signalized intersection of North Powers Blvd and Dublin Blvd (89,000 VPD)
  • Positioned just west of the new Banning Lewis Ranch, a 30,000 acre master planned community
  • Located one mile south of Centura St. Francis Hospital, the only full service hospital in Northern Colorado Springs with 257 beds and approximately 1,200 staff
  • Positioned one mile west of Vista Ridge High School (1,700 students)
  • Highly desirable retail corridor featuring King Soopers, Walmart Supercenter, Home Depot, Chick-Fil-A, Panera, Starbucks, Whataburger, Taco Bell, Kum & Go, and many others

We are ready to assist you.

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031