Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the brand-new Chipotle Mexican Grill located at 2682 Eastern Blvd, Montgomery, Alabama. The subject property features a rare absolute NNN lease with a corporate guarantee, backed by one of the nation’s largest fast-casual restaurant chains with over 3,700 locations. The 2025 construction includes a “Chipotlane” drive-thru and is secured by a 15-year lease with 10% rental increases every five years and at each of the four, 5-year renewal options. The property is positioned in a dense retail corridor with excellent visibility along Eastern Blvd (41,970+ VPD) and serves as an outparcel to Promenade Plaza, a top-performing center anchored by Floor & Decor, Ollie’s Bargain Outlet, and Guitar Center. The center is located near the entrance of Central Park apartments (380+ units) and also features other national retailers including Arby's, Olive Garden, Dollar Tree, Boot Barn, and more. The Montgomery metro is located in central Alabama’s Black Belt region and is most known for its role in the civil rights movement, including the historic bus boycotts inspired by Rosa Parks. The city of Montgomery hosts a significant military base and a growing automobile industry, which complements its pool of government jobs. Montgomery is the fourth-largest metro in the state, and has residents spread between Montgomery, Autauga, Elmore and Lowndes counties. About 60 percent of the metro’s population lives in Montgomery County, with 200,000 citizens in the city of Montgomery.