1661 Hwy 88 - Fast Food FOR SALE


Minden, NV 89423
$3,440,000 USD
775-851-9500
1661 Hwy 88, Minden, NV for Sale
$3,440,000 USD
Fast Food - FOR SALE
1/7
null | 5% Cap Rate

1661 Hwy 88
Minden, NV 89423


HIGHLIGHTS

  • Long-term lease backed by Chipotle Mexican Grill, Inc., a Fortune 500 company with over 3,500 locations and strong financials.
  • Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”).
  • Chipotle is the only restaurant company of its size that owns and operates all its restaurants.
  • Chipotle is ranked on the Fortune 500 and is recognized on the 2024 Fortune’s Most Admired Companies and Time Magazine’s Most Influential Companies.

OVERVIEW

Situated at 1661 NV-88, this Chipotle benefits from 23,100 AADT directly on-site and 14,300 AADT on adjacent US Hwy 395. Its proximity to Douglas High School and key intersections ensures steady customer flow. The site’s freeway access strengthens its position as a prime dining destination in Minden. The 15-year net lease assigns all taxes, insurance, and maintenance (except roof, structure, and parking lot) to Chipotle Mexican Grill of Colorado, LLC. Four (4) five-year options extend the term to 2040, with 10% rent bumps every five years. This structure offers investors a low-maintenance, escalating income stream. Built in 2025, the 2,325 SF restaurant features Chipotle’s latest prototype, including a Chipotlane drive-thru for rapid service. The 0.62-acre parcel optimizes parking and access, aligning with consumer demand for convenience. High-quality construction minimizes near-term capital expenditures for ownership. Within 5 miles, the 2024 population of 19,465 is projected to grow to 20,037 by 2029, per Esri data. Average household income of $120,485 within this radius rises to $144,204 by 2029, reflecting a nearly 20% increase. This affluent, expanding market underpins Chipotle’s revenue potential. Opposite Douglas High School (1,600+ students), located near Western Nevada Community College (3,500 students) and minutes from Minden-Tahoe airport, the site leverages school-related traffic and regional connectivity. Its placement in a retail corridor with strong demographics ensures sustained footfall. The Chipotlane enhances appeal in a convenience-driven market.

FOR SALE DETAILS

PRICE

$3,440,000 USD

PRICE/SF

$1,480 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,092 SF

ZONING

-

APN/PARCEL ID

1320-30-701-031

ASK ABOUT THIS PROPERTY

Mike MaloneyCushman & WakefieldMore Info
775-851-9500

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Mike MaloneyCushman & WakefieldMore Info
775-851-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.