For Sale
$3,452,272

2415 Nashville Rd Bowling Green, KY 42101

High-yield, 15-year NNN Chipotle lease.

Overview

Added:
Dec 11, 2024
Days on market:
138
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.

Highlights

  • New, long-term corporate lease with Chipotle Mexican Grill, Inc. (NYSE: CMG).
  • 2024-built Chipotle prototype with Chipotlane drive-thru and patio.
  • 15-year lease with 10% rent increases every 5 years.
  • Recession-resistant tenant with strong financial history.
  • Triple-net (NNN) lease; tenant responsible for all operating expenses except roof and structure.
  • High-traffic location (40,000+ VPD) at a major Bowling Green intersection.

Property Details for 2415 Nashville Rd

Property type
Retail properties, Restaurants
Square Feet
2,325 SF
Year Built
2024

Location Insight

City
Bowling Green
County
Warren
State
Kentucky
Latitude
36.961281207944
Longitude
-86.469657591804

FAQs

What type of property is this?
Retail property - High-yield, 15-year NNN Chipotle lease.
Where is the retail property located?
The property is located at 2415 Nashville Rd Bowling Green, KY.
What is the asking price?
The asking price for this property is $3,452,272.
What are key features of this property?
This property features: New, long-term corporate lease with Chipotle Mexican Grill, Inc. (NYSE: CMG).; 2024-built Chipotle prototype with Chipotlane drive-thru and patio.; 15-year lease with 10% rent increases every 5 years.
How can I contact the broker?
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2415 Nashville Rd
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