Chipotle for Sale in Southgate, MI
Southgate, MI
Key Investment Metrics
Price
$3,520,000
Cap Rate
5.0%
Net Operating Income
$175,770
Building Size
2325 SF
Land Area
0.75 Acres
Remaining Term
15.5 years
Lease Expiration
07/01/2041
Lease Term
15 years
Lease Commencement
07/01/2026
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2026
Tenancy
Single
Rent Increases
10% Every 5-years
Property overview
Chipotle in Southgate
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,325 SF
- Land area
- 0.75 acres
- Year built
- 2026
- Lease type
- Absolute NNN
- Lease expiration
- 07/01/2041
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.