Chipotle Mexican Grill 66 Us Highway 321 NW 2,325 SF Retail Building Hickory, NC 28601 £2,252,666 (£968.89/SF) 4.85% Net Initial Yield

STRONG LEASE FUNDAMENTALS
- 15 Year Abs. NNN Lease with zero landlord responsibilities
- Four (4) five (5) year extensions remaining
- 10% Increases every 5 years in base rent and extension periods
CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- Chipotle has a Market Cap of $82B (NYSE: CMG) with over 3,200+ locations across the country
- Chipotle opened 121 new restaurants in 2024 with 110 of those locations utilizing a Chipotlane
HIGH GROWTH AND AFFLUENT TRADE AREA
- Site is positioned in high growth Hickory, NC
- The Chipotle is located in between three large North Carolina Cities, Charlotte, Asheville, and Winston-Salem
- The town of Hickory, NC has seen rapid growth over the past few years with an average growth rate of 1.22% annually
HICKORY, NC DEMOGRAPHIC GROWTH INDICATORS
- The city of Hickory, NC is recognized as the economic center of the Catawba River Valley
- Hickory has 2 universities driving growth (Lenoir Rhyne and App State)
- Average household income within 5-miles of the site is over $86K and population in the same radius is over 68K
NEW CONSTRUCTION WITH GREAT VISIBILITY AND ACCESSIBILITY
- New construction Habanero Prototype Chipotle with a drive-through “Chipotlane”
- Multiple points of egress and ingress
- Located on a main retail corridor providing frontage on US-321 NW (38.5K VPD)
- Approximately a one mile to Hwy 70 E (20.5K VPD) and 4.5 miles to I-40 (54K VPD)
POSITIONED IN A DENSE INDUSTRIAL NODE
- Within a 1-mile radius of the Murphy Oil is more than 3.7MSF of industrial Space
- Nearby National Industrial Employers Include: Pepsi Bottling Group, Trane Supply, Master Tech Auto Supplies, Performance Food Group, United Beverages (Broke ground on a 67,000 Sqft expansion)
- Nearby retailers include: McDonalds, Dunkin’, Starbucks, and more.