May 5, 2022 – Matt Siebert of Horvath & Tremblay has successfully completed the sale of a Chipotle in San Antonio, Texas. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $3,575,000.
Chipotle is located at 190 West Bitters Road in San Antonio, Texas. The newer construction Chipotle was completed in 2016 and consists of 2,271 square feet and sits on 0.755-acres of land. Chipotle has more than 9 years remaining on an absolute triple-net ground lease with four (4), 5-year renewal options. The Chipotle Lease calls for 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. Chick-Fil-A is well positioned on a corner lot at the signalized intersection of W Bitters Road and Embassy Row, less than 0.2-miles from US Highway 281. The Property has outstanding visibility, frontage, and access and is surrounded by national retailers including Target, Walmart Supercenter, Home Depot, and countless restaurants. The area is densely populated and is home to the San Antonio International Airport.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the 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.