Purchase Price | $2,400,000 |
---|---|
Annual Rental Income | $146,400 |
Cap Rate | 6.10% |
Lease Term | 10 Years |
City | St Louis MSA |
Chipotle Mexican Grill Net Lease Investment Opportunity
St. Louis, MO MSA
10-Year Triple Net (NNN) Lease
This offering presents a strong opportunity to acquire a Chipotle Mexican Grill property located in the well-established St. Louis Metropolitan Statistical Area. Featuring fee simple ownership and a 10-year triple net lease with a corporate guarantee, this investment provides predictable, stable income from one of the nation’s most successful and fastest-growing fast-casual dining brands. Situated in a prime retail corridor with robust traffic counts and excellent demographics, the property combines long-term security with premier real estate fundamentals.
Location and Market Overview
The St. Louis MSA is the largest metropolitan region in Missouri, home to more than 2.8 million residents. Known for its diverse economy, the region is anchored by healthcare, education, financial services, biotechnology, and logistics. St. Louis continues to attract significant corporate investment while maintaining a large and stable residential base, creating sustained demand for retail and dining establishments.
The subject property is strategically positioned along a primary retail corridor with daily traffic counts exceeding 37,000 vehicles. The location is surrounded by national retailers, grocery-anchored shopping centers, and service providers, ensuring a steady customer base throughout the day. Its proximity to dense residential neighborhoods, schools, and healthcare facilities makes the site a highly desirable destination for consumers seeking fast-casual dining options.
Demographics
The surrounding trade area offers strong support for Chipotle’s business model. Within a three-mile radius, the population exceeds 85,000 residents with average household incomes of approximately $95,000. Expanding to five miles, the population grows to over 190,000, reflecting the strength and density of the St. Louis suburban market. These demographics provide a consistent customer base for Chipotle’s expanding operations.
Property Details
The property features a freestanding Chipotle Mexican Grill totaling approximately 2,400 square feet on a 1.0-acre parcel. Constructed to Chipotle’s latest prototype standards, the facility includes a modern dining area, efficient kitchen layout, and a Chipotlane mobile order pick-up lane, catering to the increasing demand for mobile and online orders. The site provides ample parking, excellent ingress and egress, and strong street visibility, ensuring high daily traffic and convenience for both dine-in and takeout customers.
Fee simple ownership provides long-term stability and full control of the underlying land and improvements.
Lease Structure and Tenant Guarantee
The property is secured under a 10-year triple net (NNN) lease with Chipotle Mexican Grill, Inc., a publicly traded corporation with more than 3,200 restaurants nationwide. Under the NNN structure, the tenant is responsible for all operating expenses including property taxes, insurance, and maintenance, ensuring a truly passive income stream for the investor.
Chipotle is widely recognized as one of the most successful and reliable fast-casual dining brands in the United States. The corporate guarantee enhances credit security and makes this property a highly financeable asset for investors seeking stable cash flow.
Surrounding Area and Trade Drivers
The St. Louis MSA continues to benefit from population stability, significant corporate presence, and major institutions such as Washington University, BJC HealthCare, and multiple Fortune 500 companies. The subject property’s location within a thriving retail hub positions it well to capture both local and commuter traffic. In addition, the growing demand for quick-service and fast-casual dining options enhances the long-term viability of Chipotle’s operations at this location.
Investment Highlights
Buyer Profile and Financing
This property is an excellent fit for 1031 exchange buyers, REITs, institutional investors, family offices, and private equity firms seeking a secure, long-term net lease investment with minimal management responsibilities. The fee simple ownership and corporate-backed lease structure ensure strong lender confidence and favorable financing options.
Conclusion
This Chipotle Mexican Grill property in the St. Louis MSA represents a premier net lease investment opportunity. Featuring a 10-year triple net lease, a strong corporate guarantee, and a prime location in a high-traffic corridor within one of the Midwest’s most stable and diverse economies, the property provides investors with long-term security, hands-off income, and excellent potential for value appreciation.
Qualified investors are encouraged to request the offering memorandum, lease abstract, and financial details.