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Chipotle

1 Promenade Parkway | D’Iberville | MS | 39540


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Confidentiality Agreement

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Property Details

  • Available SF: 2,325 SF
  • Price: $ 3,334,000
  • Transaction Type: For Sale
  • Property Type: Retail
  • Lot Size: 0.57 AC
  • Cap Rate: 4.35%
  • Year Built: 2023
  • Parking: 24
  • Tenancy: Single Tenant
  • Lease Type Single Tenant NNN
  • Availability: Available

Property Description

SECURE INCOME STREAM

  • New 15-Yr. Absolute NNN Lease, No Landlord Responsibilities
  • Brand New 2023 Construction, Latest Prototype Design with ‘Chipotlane’ Drive-Thru
  • Corporate Guaranteed Lease (NYSE: CMG), $7.5 Billion Total Revenue
  • Ranked 4th on Fortune 500 ‘World’s Most Admired Companies’

PROXIMITY

  • Outparcel to Brand New Hobby Lobby (Relocation) and Jiffy Lube
  • Strong Consumer Demand for Tenant, Closest Chipotle is 50 Miles Away
  • Across from The Promenade, a Power Center Anchored by Target, Best Buy, Dick’s,
  • PetSmart and ULTA, Over 7.7 Million Annual Visitors
  • Located at Major Intersection of I-10 and I-110, the Main East/West Corridor Between Mobile and New Orleans, with Over 130,000 VPD
  • The Biloxi/Gulfport Region of Mississippi is One of the Fastest Growing Areas on the Gulf Coast, Tremendous Residential and Commercial Growth
  • Five Miles to Kessler Air Force Base, Training 40,000 Students Annually, $1.1 Billion Annual Economic Impact
  • Kessler Air Force Base is the Largest Employer in the Area with 7,254 Employees
  • Kessler Medical Center is the 2nd Largest Air Force Medical Facility in the United State
  • Minutes to Biloxi’s Gaming and Resort Strip with 11 Casinos, 19,000 Hotel Rooms and 3.5 Million Annual Visitors
  • Surrounded by Several K-12 Schools with 1,725 Combined Students
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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

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