Horvath & Tremblay is pleased to present the exclusive sale of a newer construction, corporate leased Chipotle investment property located at 2601 Genito Place in Midlothian, Virginia (the “Property”). Chipotle has 8+ years remaining on their Lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option.
Chipotle benefits from an exceptional location at the Route 288 and Genito Road interchange, providing excellent visibility and accessibility within one of Midlothian’s fastest-growing areas. The property is positioned within The Lake, a major mixed-use development that is adding residential, retail, dining, hospitality, office and entertainment uses to the surrounding area, including more than 800 planned residential units. The location also benefits from its proximity to River City Sportsplex, a regional sports and entertainment destination that attracts tournaments and visitors from throughout the Mid-Atlantic, as well as nearby Clover Hill High School.
Route 288 provides convenient connectivity to Interstate 64, Interstate 95 and major employment centers throughout the Richmond metropolitan area, while Genito Road connects the property with established and expanding residential communities. With substantial new development, strong residential growth, nearby schools and recreational attractions, and excellent regional accessibility, Chipotle is exceptionally well positioned to benefit from the continued expansion of the Midlothian market.