Chipotle Drive-Thru
Single-Tenant Offerings
Chipotle Drive-Thru
1900 10th Ave S
Great Falls, MT
- Price:
- $2,568,000
- Cap Rate:
- 5.25%
- NOI:
- $134,850
- Rentable SQFT:
- 2,325 SF
- Year Built:
- 2023
- Lot Size:
- 0.69 +/- Acres
- Lease Type:
- NN
- Status:
- Available
Investment Highlights
- New 15-Year Lease with 10% Increases Every 5 Years
- Corporate Guaranty (3,437+ Locations) by Fortune 500 Company, $10.98 Billion in Annual Revenue
- Chipotle’s Stock (NYSE: CMG) has Increased Approximately 250% Over the Last 5 Years
- Average Unit-Level Sales for Chipotle is Nearly $3.5 Million in the U.S., Equates to a 3.85% Rent-to-Sales Ratio for this Store
- Brand New Prototype with “Chipotlane” Drive-Thru, Minimal Landlord Responsibilities
- Strategic Location, Nearest Chipotle is Over 88 Miles Away
- Surrounded by Several Residential Developments with 3,000+ New Homes
- Hard Corner Location and Highly Visible Along Major Artery with 38,000+ Cars/Day
- Adjacent to High-Volume Target and Albertsons Anchored Center
- Down the Street from Benefis Medical Campus Serving 275,000 Residents in 15-County Region with 3,400 Employees
- 1.5 Miles to Great Falls Clinic Health Medical Center, Recently Completed $58 Million Expansion
- Walking Distance to 1,800 Students Attending Great Falls College MSU and University of Providence
- Minutes to Several K-12 Schools with Over 10,000 Students
- Strong Daytime Population, More Than 38,000 Employees in Primary Trade Area
- Just West of Malmstrom Air Force Base with a Population of 6500+, $1B Sentinel Program Expansion/Modernization Program Underway; Entire Sentinel Program Budget Exceeds $141B Encompassing 3 Missile Bases in 10-15 Year Program
- 3 Miles to The Falls, a $700 Million Mixed-Use Development on 100 Acres with 1,100 Residences, Hotels, and 630K SF of Office/Retail
- Close Proximity to Calumet Montana Refinery with 3,100 Employees, Recently Completed $450 Million Expansion
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