Property summary
This exceptional investment opportunity presents a newly constructed (2024) Chipotle restaurant in Bowling Green, KY, boasting a 15-year net lease with a corporate guarantee from Chipotle Mexican Grill, Inc. The 2,325 square foot building features a modern design, including a Chipotlane drive-thru and outdoor patio. Located at 2415 Nashville Rd, this property benefits from high traffic counts (over 40,000 vehicles per day) at a busy intersection, providing excellent visibility and accessibility. Its prime location is directly across from a Kroger, Starbucks, and McDonald's, ensuring high foot traffic and strong consumer demand. The lease includes four, five-year renewal options with a 10% rent increase every five years. The property's strong tenant, long-term lease, and limited landlord responsibilities (tenant pays all taxes, insurance, and utilities, landlord responsible for roof and structure only) make this a compelling investment with a 5.50% cap rate and a net operating income (NOI) of $189,875. Bowling Green's growing economy, fueled by automotive manufacturing and healthcare, further enhances the property's long-term value. The asking price is $3,452,272. Parcel number is 041-B-02-005.
Property profile
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Bank Loan Service
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
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