May 8, 2025 – Chris King, Kyle Danielson, Steven Schiavello, Patrick Gray and Joe Prisco of Horvath & Tremblay have successfully completed the sale of Chipotle in Clayton, North Carolina. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $2,423,220.
Chipotle is located at 12011 US Highway 70 Business W in Clayton, North Carolina. The new construction Chipotle has a 15-year Double Net (NN) Lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option. The new construction Chipotle features a Chipotlane (drive through) and outdoor patio and is well-located along US Highway 70 Business W, the area’s primary commercial and commuter corridor. The Property is positioned in the heart of a large commercial cluster and is surrounded by new construction retailers and restaurants, as well as new residential developments, all of which drive traffic to the area and provide a built-in customer base. The Property offers convenient access to NC Route 42 and Interstates 40 and 42, as well as to Johnston Health (Hospital and Medical Center), area schools, and the area’s largest employers (Novo Nordisk and Grifols).
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.