January 5, 2024 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of Chipotle in Jackson, Mississippi. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,500,000.
Chipotle is located at 836 E County Line Road in Jackson, Mississippi. The new construction Chipotle consists of a 2,325 square foot building with a Chipotlane (drive thru). Chipotle has a new 15-year lease with four (4), five-year renewal options and features rent increases of 10% every five years throughout the base term and option periods. The property is extremely well located along E County Line Road, the area’s primary commercial corridor. The new construction Chipotle is adjacent to Starbucks and Circle K and is seconds from a freestanding Lowe’s and Walmart Supercenter, all of which drive significant traffic to the area. Additionally, the Property is 0.2-miles from the Interstate 55 on/off ramp, and 0.5-miles from US Route 51, both of which provide direct access to the heart of downtown Jackson 8-miles to the south. The location is part of a dominant trade area that is home to the Northpark Mall and countless national retailers. Additionally, the Property is within 0.5-miles of fourteen (14) nationally branded hotel/motels and is surrounded by densely populated residential neighborhoods providing a built-in customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.