- Corporate-Guaranteed Income Stream: 15-year primary lease backed by Chipotle Mexican Grill of Colorado, LLC, a wholly-owned subsidiary of Chipotle Mexican Grill, Inc. (NYSE: CMG), an investment-grade-quality operator with ~3,700 units and a market capitalization in excess of $70 billion.
- Brand-New 2025 Construction: Delivered December 2025 with a full Chipotlane drive-thru prototype. This prototype represents the tenant’s highest-performing model.
- Rare 10% Rent Bumps: Contractual 10%escalations every five years in both the primary term and each of four 5-year options, superior to the 8%-every-5 structure typical of the Chipotle net-lease market.
