New Chipotle with
10415 Preston Highway, Louisville, KY 40229
Newly constructed Chipotle with a 17-year absolute NNN lease.
Type:Fast Food
Property size:
2,325 SF- Added:
- Nov 25, 2025
- Days on Market:
- 178
- Last Refresh:
- Apr 5 at 8:53 pm
Property Features for 10415 Preston Highway
General Information
- Standard status
- Active
- Size
- 2,325 SF
- Property subtype
- Fast Food
Building Details
- Year Built
- 2025
Listing agent Scott De Young License #CalDRE #01889050 (949) 221-1835
Listing office Faris Lee Investments (949) 221-1835
Listing date Nov 25, 2025
Source Farislee
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
HighLights
- Long‑term (17‑year) absolute NNN lease with Chipotle, providing stable, passive income.
- Brand new 2025 construction featuring the latest 'Chipotlane' drive‑thru prototype with fixed 10% rent increases every 5 years.
- Prime location with excellent street visibility on highly trafficked Preston Highway (55,000+ VPD).
- Strategically positioned in a dynamic retail trade area, adjacent to high‑volume Chick‑fil‑A and Menards.
- Located in Louisville, a major distribution hub with a growing economy.
Overview
This property features a newly constructed, freestanding Chipotle located at 10415 Preston Highway, Louisville, Kentucky. The property features a brand-new 2025 construction and the latest “Chipotlane” drive-thru prototype. The property comes with a seventeen (17) year absolute NNN lease with 4-5 year options. The lease includes scheduled rental increases throughout the term and option periods. The tenant, Chipotle (NYSE: CMG), is an investment-grade, national credit tenant. Chipotle reported annual revenues exceeding $11.3 billion in 2024 and operates over 3,700 restaurants worldwide. The absolute NNN lease structure means Chipotle is responsible for all building, structure, and roof maintenance, as well as common area expenses like parking lot upkeep, landscaping, and lighting. The tenant handles all property taxes, liability insurance, and recurring operating expenses. The property boasts excellent street visibility, fronting highly traveled Preston Highway, which has over 55,000 vehicles per day. It is also adjacent to Interstate 265 (over 90,000 VPD) and in close proximity to Interstate 65 (135,000 VPD). This new pad building is situated in the heart of a large regional retail trade area, strategically located between a high-volume Chick-fil-A Restaurant and a Menards Home Improvement Superstore. Nearby major retailers include Walmart, Lowe’s Home Improvement, Kroger, Kohl’s, Meijer, Tractor Supply Co., and Cinemark Cinemas. The Louisville/Jefferson County, KY-IN Metro Area had a population of 1.36 million in 2023 and an average household income within one (1) mile of $92,076. The property size is 2,325 square feet. The grand opening is scheduled for September 12, 2025.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.6715
- Latitude
- 38.0988
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Newly constructed Chipotle with a 17-year absolute NNN lease.
Where is this drive through restaurant located?
The property is located at 10415 Preston Highway Louisville, KY.
What are key features of this property?
This property features: Long‑term (17‑year) absolute NNN lease with Chipotle, providing stable, passive income.; Brand new 2025 construction featuring the latest 'Chipotlane' drive‑thru prototype with fixed 10% rent increases every 5 years.; Prime location with excellent street visibility on highly trafficked Preston Highway (55,000+ VPD).
