Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area Gross

Property description

JLL is pleased to offer for sale the fee simple interest in a corporate Chipotle (the “Property” or “Asset”) located in the Bronx, New York. Chipotle is a market leader in the fast-casual dining sector specializing in its made-to-order tacos, burritos and specialty items with nearly 2,900 restaurants and total system-wide revenue of over $7 billion. The Property is situated in a densely populated area of the Bronx just off the Hutchinson River Parkway, one of the primary thoroughfares (88K+ VPD) in the borough, offering easy accessibility to multiple interstates, Queens, Manhattan, Brooklyn and the LaGuardia Airport. The Asset is encumbered by a modified gross lease featuring just under ten years of primary lease term remaining and attractive rental escalations. This offering presents the unique opportunity to acquire a long-term investment leased to an industry leading and Fortune 500 company in an urban core district of New York City.

Investment highlights

  • Includes ±10 years of lease term remaining with minimal landlord responsibilities
  • Industry leading fast-casual restaurant tenancy with approximately 2,900 restaurants
  • Chipotle recently reported a quarterly system-wide revenue increase of 21.9% year-over-year
  • Trailing twelve-month total revenue at the end of Q3 2021 was $7.194 billion
  • The asset is located in a densely populated area of NYC with 18,000 residents within a half-mile and 93,540 residents within a one-mile radius
  • Situated just off the Hutchinson River Parkway (88K+ VPD), directly along Westchester Square (20K+ VPD)
  • Located just blocks away from the Westchester commuter train stop, drawing additional traffic into the immediate vicinity of the asset
  • The Bronx has the highest growth rate among NYC's five boroughs
Last Updated Date: 20 Dec 2021

Please enter your corporate email account in the email field. We may not be able to reply to your personal email account or free email address such as Gmail or Yahoo Mail.

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 20 Dec 2021

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.