Brand-new Chipotle Mexican Grill (NYSE: CMG) under a 15-year corporate-guaranteed NNN lease with 10% rent increases every 5 years and in each of the four 5-year renewal options. This is the first and only Chipotle in the Wausau metro area, offering strong regional draw with the nearest location nearly 95 miles away.
The property features Chipotle’s newest prototype, including a Chipotlane (mobile order-ahead pickup lane) to enhance throughput and customer convenience. Positioned along Wausau’s primary retail corridor, the site benefits from exceptional visibility and traffic counts exceeding 88,000 vehicles per day.
Surrounded by national retailers including Walmart, Sam’s Club, Target, Starbucks, and Panda Express, the asset is located in a high-performing, destination retail trade area. Strong 5-mile demographics with over 66,000 residents and an average household income of $88,000+.
The site will share a parcel with a newly developed Chick-fil-A, creating a high-traffic QSR synergy within a top-tier national tenant lineup. This co-tenancy positions the asset for exceptional long-term visibility and consumer pull.
Offered at a 5.15% cap rate on Year 1 income of $138,650. NNN lease with minimal landlord responsibilities, limited to roof and structure.