Absolute NNN Chipotle
For Sale
Contact for pricing
Pending
16200 Fort St, Southgate, MI 48195
Fee simple absolute NNN Chipotle with zero landlord responsibilities and long lease term for restaurant ownership.
Property Size2,325 SF
Days on Market53
Property Features for 16200 Fort St
General Information
Standard status
Pending
Size
2,325 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$175,770
Additional Details
Business Included
Yes
Traffic Count
42,000 vehicles/day
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License #IL 475.170243
Source:
Crexi
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 9 at 9:19AM
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 JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
The property is a Chipotle Mexican Grill restaurant offered in fee simple. The asset is leased to Chipotle Mexican Grill under an absolute NNN structure with zero landlord responsibilities. The lease features a 15-year primary term, with four, five-year renewal options. Rent is structured with 10% escalations every five years.
Located at 16200 Fort St in Southgate, Michigan, the site sits along Fort Street and is described as having over 42,000 vehicles per day for visibility and traffic exposure. The property is positioned 11 miles south of Detroit and 7 miles east of Detroit Metropolitan Wayne County Airport. The location is also characterized as an outparcel to Extra Space Storage and Meijer, capturing access to their combined 2.1 million annual visitors (Placer.ai), within a concentrated retail corridor anchored by Southgate Shopping Center.
For buyers seeking a long-duration, tenant-operated restaurant investment, this opportunity offers an absolute NNN lease with a single corporate operator. As disclosed in the offering materials, Chipotle is publicly traded and operates more than 4,000 restaurants, with the tenant’s reported financial profile presented as supportive of creditworthiness.
Located at 16200 Fort St in Southgate, Michigan, the site sits along Fort Street and is described as having over 42,000 vehicles per day for visibility and traffic exposure. The property is positioned 11 miles south of Detroit and 7 miles east of Detroit Metropolitan Wayne County Airport. The location is also characterized as an outparcel to Extra Space Storage and Meijer, capturing access to their combined 2.1 million annual visitors (Placer.ai), within a concentrated retail corridor anchored by Southgate Shopping Center.
For buyers seeking a long-duration, tenant-operated restaurant investment, this opportunity offers an absolute NNN lease with a single corporate operator. As disclosed in the offering materials, Chipotle is publicly traded and operates more than 4,000 restaurants, with the tenant’s reported financial profile presented as supportive of creditworthiness.
Key Highlights
- Fee simple absolute Chipotle Mexican Grill at 16200 Fort St, Southgate, MI
- Tenant operates an absolute NNN lease with zero landlord responsibilities
- 15‑year primary lease term with four, five‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
42,000 VPD
Traffic count
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
257k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 27%
Shops & Services 17%
Home Improvements & Furnishings 13%
Kroger
Groceries
69,382 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
34,238 visits/mo
0.2 miles
McDonald's
Dining
28,456 visits/mo
0.3 miles
SONIC Drive In
Dining
19,762 visits/mo
0.4 miles
Starbucks
Dining
16,942 visits/mo
0.2 miles
Demographics for 48195, MI
30,014
Population
13,033
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
89%
High-School Grad
6.9 sq mi
ZIP Area
4,350
Density / Sq Mi
$64,635
Median Household Income
$43,368
Median Earnings
$1,102
Median Rent
$165,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fee simple absolute NNN Chipotle with zero landlord responsibilities and long lease term for restaurant ownership.
Where is this conventional restaurant located?
The property is located at 16200 Fort St Southgate, MI.
What is the asking price?
The asking price for this property is $3,520,000.
What are key features of this property?
This property features: Fee simple absolute Chipotle Mexican Grill at 16200 Fort St, Southgate, MI; Tenant operates an absolute NNN lease with zero landlord responsibilities; 15‑year primary lease term with four, five‑year renewal options
