Positioned at 550 Bullion Blvd, Winchester, KY, along Bypass Rd with 25,752 AADT, this site benefits from its placement between Walmart and Kroger-anchored centers. The property sees significant exposure from nearby retail traffic, including Starbucks and Taco Bell. Its proximity to KY1958 (20,942 AADT) further boosts accessibility.
Chipotle Mexican Grill of Colorado, LLC, under a corporate guaranty from Chipotle Mexican Grill, Inc., assumes all taxes, insurance, and maintenance costs, including roof and structure, for the 15-year term starting July 15, 2025. The lease features 10% rent escalations every five years, growing NOI from $166,000 to $200,860 by year 11. This structure offers investors a fully passive income stream with a 4.85% initial cap rate.
Chipotle, with over 3,400 locations and $9.9 billion in 2023 revenue, ranks on the Fortune 500 and is recognized on Fortune’s 2024 Most Admired Companies list. Within 5 miles, 3,088 adults (13%) purchased from Chipotle in the past 6 months, with an MPI of 76, indicating strong local demand. The tenant’s operational consistency and brand equity enhance investment reliability.
The site serves a 5-mile radius population of 30,429 (2024), projected to increase to 30,512 by 2029, with a median household income of $60,367, expected to rise to $69,105. Within 1 mile, the median income is $59,031 (2024), growing to $66,956 by 2029, reflecting economic improvement. This demographic strength supports sustained fast food spending, with 56.6% of adults using take-out/drive-thru services in the past 6 months (5-mile radius).
Completed in 2025, this 2,325 SF facility features Chipotle’s latest design, including a “Chipotlane” drive-thru for expedited service. The 0.80-acre site optimizes customer flow with dedicated parking and efficient layout. Its new build quality minimizes near-term capital expenditures, appealing to long-term investors.
Located 15 miles from downtown Lexington, the property taps into the Lexington-Fayette MSA’s 516,000+ population and $5.5 billion in annual consumer spending. Nearby schools like Strode Station Elementary (500+ students) and retail hubs like Kroger ensure consistent local traffic. The site’s position within Winchester’s retail core amplifies its draw as a dining destination