Chipotle 1219 Burkemont Ave

The subject property is prominently located with excellent access and visibility along Burkemont Avenue (22,237 AADT) right off of Interstate 40 (46,000 AADT). The property includes a Chipotlane drive-thru, which average 15% higher sales than the traditional Chipotle restaurant. The site benefits from a total daytime population of 67,221 within a 10-mile radius. The average household income is $83,564 within 10 miles of the site and the average home value is $304,150 within 3 miles of the site.
The site benefits from a prominent retail location in close proximity to shopping centers, employers, and major retail tenants. The site offers unique opportunities shaped by the surrounding area’s growth trajectory, proximity to high-GDP urban centers, and affordability relative to larger markets. UNC Health Blue Ridge (184 beds) is 3 miles from the site. The site is also in close proximity to numerous schools including Western Piedmont Community College (with a total enrollment of 8,874), Freedom High School, Liberty Middle School, NC School for the Deaf K-12, and NC School of Science and Math.
Morganton, North Carolina serves as the county seat of Burke County within the Hickory-Lenoir-Morganton Metropolitan Statistical Area (population 370,000). Positioned along I-40, Morganton is well-suited for industrial and logistics properties, supporting the expansion of manufacturing and distribution facilities with stable long-term leasing potential. Morganton’s strategic location, affordable entry costs, and increasing local demand make it an attractive location for retail, industrial, hospitality, and mixed-use developments.

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