Chipotle

Morganton
,
NC
North Carolina

Call for Details

$

3,400,000

Call for Details
5.00
%
CAP Rate
FILE PHOTO

Combined 68,237 AADT

at US-64 & I-40

Chipotlane Drive-Thru & Outdoor Patio

Complete Renovation in 2024

~1 Hour from Charlotte

and ~1 Hour from Asheville

Property details
  1. Brand New 15-Year Corporate Absolute NNN Lease to Chipotle (NYSE: CMG)
    • No Landlord Maintenance Responsibilities
    • Strong Hedge Against Inflation with Scheduled 10% Rental Escalations throughout Primary Term
  2. Complete Renovation in 2024 with "Chipotlane" Drive-Thru & Outdoor Patio
  3. 1st Chipotlane Location in Burke County
    • 15% Higher Sales at Chipotle's Drive-Thru Locations
  4. Strong Corporate Guarantee from Publicly Traded Company (NYSE: CMG)
    • Market Capitalization of $81.74 Billion (October 2024)
    • Ranked #399 on Fortune 500 List
  5. Excellent Access and Visibility on US-64/Burkemont Avenue at its Junction with Interstate 40
    • Combined 68,237 AADT
  6. Located within Magnolia Plaza - 1.8 Million Annual Visits (per Placer.ai)
    • Outparcel to Big Lots and Harbor Freight Tools Anchored Center
    • Additional National Retailers Nearby include Lowe's, Food Lion, Taco Bell, KFC, Chick-fil-A, Dunkin', Hardee's, Subway, and Dollar General
  7. 67,000+ Total Population within 10 Miles
  8. Average Household Income of $83,564 within a 10 Mile Radius
  9. Approximately 1 Hour from Charlotte and Asheville
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Scott Reid
ParaSell, Inc.
NC RE Lic #316079
Property Specs
Tenancy
Single Tenant
Multi Tenant
Building Size
3,045
SF
Lot Size
0.98
AC
View Offering Memorandum
View Offering Memorandum
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Scott Reid
ParaSell, Inc.
NC RE Lic #316079