Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
|Average Sale Price||$3,000,000 - $4,500,000|
|Average NOI||$125,000 - $175,000|
|Lease Term||15 Years|
|Escalations||10% Every 5 Years|
Originating in Denver, CO back in 1993, Chipotle can be found in the NYSE: CMG and has properties throughout the U.S., U.K., Germany, France, and Canada. With cap rates in excess of twenty two billion dollars, sixteen hundred restaurants, and approximately forty five thousand employees, Chipotle has learned the art of making cooking count.
From unique recipe combinations to interior building designs, they have endeavored to push beyond the boundaries of being ‘plain’ and ‘normal’ on both fronts. Then taking the idea of expressing high quality and bringing it all into an affordable price point; one for all size wallets and pocketbooks.
For the founders, it was all quite simplistic. Good food served quickly and fast food can be mutually exclusive concepts. They took the fast food world by storm at the time, renovating the landscape of modern restaurant chains.
Today with over sixteen hundred restaurants opened, they are classified in a unique way amongst industry leaders. The phrase “fast-casual” is now used, in terms of being favorable in both categories of fast food and fine dining categories; where superior service and quality is blended into the experience.
|Headquarters||Newport Beach, California|
|Number of Locations||2,966|
|Key Principal||Brian Niccol|