Chipotle Drive-Thru
Offerings
Chipotle Drive-Thru
3194 Henry St.
Muskegon, MI
- Price:
- $1,918,000
- Cap Rate:
- 6.00%
- NOI:
- $115,088
- Rentable SQFT:
- 2,325 SF
- Year Built:
- 2022
- Lot Size:
- 0.59 +/- Acres
- Lease Type:
- NN
- Status:
- Available
Investment Highlights
- 12-Year Lease with Increases Throughout Base Term and Options
- Corporate Guaranty, Fortune 500 Company with 3,304+ Locations and $9.53 Billion in Annual Revenue
- Chipotle’s Stock (NYSE: CMG) is Up Approximately 345% Over the Last 5 Years
- Average Unit-Level Sales for Chipotle is Nearly $3 Million in the U.S.
- Brand New Prototype with “Chipotlane” Drive-Thru, Limited Landlord Responsibilities
- Serving Over 93,000 Residents in Growing Primary Trade Area
- Strategic Location, Nearest Chipotle is Over 30 Miles Away
- Outparcel to 24-Hour High-Volume Meijer and Across from a Walmart Supercenter
- Highly Visible Along Major Commercial Artery, Situated at Signalized Entrance to Meijer
- 3 Miles to New $291 Million Trinity Health Medical Campus with 1,800+ Employees
- Strong Daytime Population, Over 35,000 Employees within 5 Miles
- Close Proximity to Muskegon Community College (5,300+ Students) and Baker College of Muskegon (3,400 Students)
- Surrounded by Several K-12 Schools with More Than 5,000 Students
- Minutes to Muskegon State Park, Duck Lake State Park, and PJ Hoffmeister State Park with Over 1.4 Million Visitors Annually
- Just South of Lake Muskegon with 485,000 Visitors Annually
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