• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Triple Net Lease Property for Sale
 

Triple Net Lease Property for Sale

on

  • 539 views

Triple Net Property for sale in Milwaukee

Triple Net Property for sale in Milwaukee

Statistics

Views

Total Views
539
Views on SlideShare
539
Embed Views
0

Actions

Likes
0
Downloads
1
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Triple Net Lease Property for Sale Triple Net Lease Property for Sale Document Transcript

    • NET LEASED INVESTMENT OFFERING Chipotle (NYSE: CMG) 3232 South 27th Street Milwaukee, WI 53215 www.bouldergroup.com
    • TABLE OF CONTENTS NET LEASED INVESTMENT OFFERING TABLE OF CONTENTS 1) Confidentiality & Disclaimer 2) Executive Summary 3) Property Overview 4) Aerial 5) Site Plan 6) Maps 7) Tenant Profile 8) Demographic Comparison Report 9) Location Overview 10) Contact Information www.bouldergroup.com
    • CONFIDENTITALITY & DISCLAIMER NET LEASED INVESTMENT OFFERING CONFIDENTIALITY & DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. www.bouldergroup.com
    • EXECUTIVE SUMMARY NET LEASED INVESTMENT OFFERING EXECUTIVE SUMMARY The Boulder Group is pleased to exclusively market for sale a single tenant Chipotle property located in Milwaukee, Wisconsin. Chipotle has successfully operated at this location since 2003 and recently extended their lease an additional ten years. Chipotle is committed to the site as evidenced by their recent lease extension which expires July 2023 with 12.5% rental escalations every five years. Chipotle is a publicly traded company on the New York Stock Exchange (CMG) with a market capitalization in excess of $16 billion. The Chipotle property is located along South 27th Street, a heavily trafficked north-south thoroughfare approximately five miles southwest of downtown Milwaukee. South 27th Street experiences traffic counts in excess of 31,000 vehicles per day. Additionally, the property benefits from its proximity to the signalized intersection of West Oklahoma Avenue and South 27th Street, which experiences traffic counts in excess of 52,000 vehicles per day. Furthermore, Aurora St. Luke’s Medical Center, the number one ranked hospital in Milwaukee, is located at the heavily trafficked intersection. Aurora St. Luke’s Medical Center is a 710-bed facility with over 130,000 annual visitors (27,610 inpatient surgeries, 41,028 outpatient surgeries, & 61,734 emergency room visits). The property is located within a densely populated area with over 400,000 people living within five miles. The Chipotle is well positioned in a prime retail corridor across the street from a Walmart Supercenter and Walgreens, creating constant traffic flow near the site. Other retailers in the immediate vicinity include Kohl’s, Pick ‘n Save, Chase Bank, PNC Bank, CVS, Michael’s, Marshalls, and OfficeMax. Chipotle recently opted to extend their original lease to ensure their presence at this location for ten additional years. The newly extended lease expires on July 25, 2023 and features rare 12.5% rental escalations every five years throughout the primary term and renewal option period. Chipotle is a publicly traded company (NYSE: CMG) with a market capitalization in excess of $16 billion and has over 1,500 locations. INVESTMENT HIGHLIGHTS • Located in Milwaukee • Chipotle recently extended their lease for ten additional years • 12.5% rental escalation in July 2018 and in the renewal option • Chipotle is publicly traded (NYSE: CMG) with a market capitalization in excess of $16 billion • Chipotle has successfully operated at this location for over 10 years • Across the street from a Walmart Supercenter and Walgreens anchored development • Located in the immediate vicinity to Aurora St. Luke’s Medical Center, a 710-bed facility that is the number one ranked hospital in the Milwaukee MSA • Over 400,000 people living within five miles of the subject property www.bouldergroup.com
    • PROPERTY OVERVIEW NET LEASED INVESTMENT OFFERING PROPERTY OVERVIEW Price: $1,824,000 Cap Rate: 6.25% Rent Schedule: NOI Escalation Date $114,000 $128,250 $144,281 7/26/2018 2/26/2023 (Option 1) Renewal Options: One 5-Year Lease Commencement Date: July 26, 2013 Lease Expiration Date: July 25, 2023 Tenant: Chipotle (NYSE: CMG) Year Renovated: 2003 Lease Type: NN Building Size: 2,295 SF Land Size: 14,400 SF www.bouldergroup.com
    • AERIAL NET LEASED INVESTMENT OFFERING AERIAL N W. OKLAHOMA AVENUE 21,600 VPD SOUTH 27TH SREET 31,300 VPD www.bouldergroup.com
    • SITE PLAN NET LEASED INVESTMENT OFFERING SITE PLAN OUTDOOR SEATING S. 27TH STRE ET www.bouldergroup.com
    • MAPS NET LEASED INVESTMENT OFFERING MAPS www.bouldergroup.com
    • TENANT PROFILE NET LEASED INVESTMENT OFFERING TENANT PROFILE Chipotle Mexican Grill is a chain of restaurants with operations in the United States, United Kingdom, Canada, Germany, and France that specialize in burritos and tacos. The company released a mission statement called Food with Integrity; that highlights its efforts to use organic ingredients and to serve more naturally raised meat than any other restaurant chains. Chipotle is one on the first chains of fast casual dining and continues to be a leader in this restaurant subsector. Fast casual is the fastest growing segment of the restaurant industry, where customers expect food quality that is more in line with full-service restaurants, coupled with the speed and convenience of fast food. Chipotle is publicly traded on the New York Stock Exchange, CMG, with a market capitalization in excess of $16 billion. There are over 1,500 locations and over 37,000 full time employees. Chipotle was founded in 1993 in Denver, Colorado, where the company is based today. Website: Number of Locations: Headquarters: Stock Symbol: Market Capitalization: Revenue (ttm): Quarterly Revenue Growth (yoy): Quarterly Earnings Growth (yoy): www.chipotle.com 1,500+ Denver, Colorado NYSE: CMG $16 Billion $3.07 Billion 18.00% 15.30% www.bouldergroup.com
    • DEMOGRAPHIC COMPARISON REPORT NET LEASED INVESTMENT OFFERING DEMOGRAPHIC COMPARISON REPORT Population Total Population Total Households 1-mi 3-mi 5-mi 19,349 7,487 204,446 76,453 401,243 163,512 $39,907 $50,388 $38,586 $49,099 $40,017 $52,758 Income Median Household Income Average Household Income www.bouldergroup.com
    • LOCATION OVERVIEW NET LEASED INVESTMENT OFFERING LOCATION OVERVIEW Milwaukee is the largest city in Wisconsin and the 28th most populous city in the United States. Milwaukee is located on the southwestern shore of Lake Michigan. According to the 2010 U.S. Census, the City of Milwaukee had a population of 594,833 and the Milwaukee MSA had a population of 1,751,316. Milwaukee and its suburbs are the home to the international headquarters of 13 Fortune 1000 companies, including Johnson Controls, Northwestern Mutual, Manpower Inc., Jefferson Wells, Kohl’s, Harley-Davidson, Rockwell Automation, Fiserv, Inc., Hal Leonard, Wisconsin Energy, Briggs & Stratton, Joy Global, Bucyrus International, A.O. Smith, GE Healthcare Diagnostic Imaging and Clinical Systems and MGIC Investments. The Milwaukee metropolitan area ranks fifth in the United States in terms of the number of Fortune 500 company headquarters as a share of the population. city.milwaukee.gov www.bouldergroup.com
    • CONTACT INFORMATION NET LEASED INVESTMENT OFFERING CONTACT INFORMATION 666 Dundee Road, Suite 1801 Northbrook, IL 60062 Randy Blankstein President 847.562.0003 rblank@bouldergroup.com Jimmy Goodman Partner 847.562.8500 jimmy@bouldergroup.com www.bouldergroup.com