Long Term Corporate Lease: Chipotle (NYSE: CMG) signed a 15 year lease with scheduled rent increases of 10% every 5 years. Chipotle is the premier fast casual operator nationwide with more than 3,900 restaurants and plans to open around 350 per year going forward. New Construction: High quality construction featuring Chipotle’s current prototype which includes a “Chipotlane” drive-thru, engineered to maximize the amount of customers served and drive higher unit volumes. High Visibility Outparcel: Fairmont Ave. (17,000 VPD) is the primary retail corridor in the trade area, providing excellent visibility for the site. Chatauqua Mall, a 435,000 SF indoor mall, anchors the site with Walmart Supercenter acting as the shadow anchor next door. Additional national retailers in the immediate area include Target, Wegmans, and The Home Depot. Vibrant Tourism Destination: Lakewood and the surrounding areas are a popular tourist destination in the summer featured around Chautauqua Lake. The area hosts between 100,000 - 140,000 visitors each year and Chipotle is strategically located in the center of the main retail corridor for the trade area. Southwestern Central School District: The local school district’s consolidated campus is a 5 minute drive from Chipotle and has over 1,350 students with 240 faculty members, providing a built in customer base along with the local residents.