CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- Chipotle has a market cap of $82B (NYSE: CMG) with over 3,750+ locations across the country
- Chipotle opened 304 new restaurants in 2024 with 257 of those locations utilizing a Chipotlane
LOCATED IN DENSE AND AFFLUENT RETAIL TRADE AREA
- Within a 1-mile radius of the subject site is more than 1.2M SF of retail space and AHHI exceeds $110K
- This space boasts a vacancy rate of 0.1%
- Nearby national retailers include: ALDI, Lowe’s Home Improvement, Walmart Supercenter, Roses, Big Lots, and more
HIGH VISIBILITY AND TRAFFIC
- Located on Wilkinson Blvd (US-74) with 16K+ VPD | Immediate access to I-85 (105K+ VPD)
- Strong exposure to both local and regional commuters
- Within a 3-mile radius of the site are more than 35K people and in a 5-mile radius over 85K people
CLOSE PROXIMITY TO MARKET DRIVERS
- Across the street from the site is Belmont Abbey College which has over 1,600 students and 527 full time employees
- Located 1.4 miles west of the site is Stuart W Cramer High School with over 950+ students | Local student population count provides a built-in customer base
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage)
- Charlotte forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022)
- 5th fastest growing city from 2021 to 2022 (population change 15,217)
STRONG LEASE FUNDAMENTALS
- 15 Year Abs. NNN Lease with zero landlord responsibilities
- Four (4) five (5) year extensions remaining
- 10% increases every 5 years in base rent and in option periods