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Chipotle

Overview

Chipotle Mexican grill, founded in 1993 with over 2,500 locations across the country, is currently operating in the fast-casual, fresh Mexican food market. Serving up burritos, tacos, salads and many more flavorful items, Chipotle prides themselves on using the freshest ingredients in the market. In fact, in 2017 Chipotle became the only national restaurant brand to refrain from using added colors, flavors or preservatives in their food. From 2018-2019, Chipotle saw a 14.8% increase in revenue totaling a revenue of $5.6 billion in 2019. Chipotle usually offers a 15-year lease with rent escalations of 10% every 5 years. The prototypical Chipotle location is approximately 3,000 SF.
Lowest Cap Rate

3.40%

Average Cap Rate

4.44%

Property & Lease

Average Sale Price

$3,000,000 – $4,500,000

Average NOI

$125,000 – $175,000

Building SF

3,000

Lease Term

15 Years

Escalations

10% Every 5 Years

Stock Symbol

NYSE:CMG
Credit Rating

S&P

N/A

Moody’s

N/A

Tenants

CVS
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