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JLL is pleased to offer for sale a newly built Chipotle drive-thru located in Kansas City, MO (the “Property” or “Asset”). The Property is one of Chipotle’s new “Chipotlane” concepts, a modernized drive-thru that is part of Chipotle’s future growth strategy to offer fast, convenient pickup options for customers. Chipotle is operating on a net lease structure with ten years of primary lease term, ten percent rental increases every five years, and minimal landlord responsibilities. The Property is an outlot to Twin Creeks, a highly-trafficked shopping center anchored by Target, Kohl’s, and Ross Dress for Less. This offering presents the opportunity to acquire a newly-constructed Chipotle drive-thru backed by a corporate guaranty and located within a dynamic Kansas City market.
•This location is one of Chipotle’s new Chipotlane concepts, a modernized drive-thru format that offers fast and convenient pickup as well as online ordering capabilities for customers
•Chipotle reported that pre-COVID Chipotlanes achieved 10% higher sales volumes than their competitors, and post-COVID Chipotlanes have achieved 25% higher sales volumes than their competitors
•The lease features a corporate guaranty from Chipotle Mexican Grill, Inc., one of the largest and most recognized restaurant chains in the world with over 2,600 locations across North America and Europe
•The property is an outlot to Twin Creeks Shopping Center, a highly-trafficked regional shopping center anchored by Target, Kohl’s, and Ross Dress for Lessoutlot
•The property is adjacent to multiple large-scale developments including Metro North Crossing, a 106-acre mixed-use development that includes 300 luxury apartments and various retail and office components