10415 Preston Highway Louisville, KY 40229

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.