Highlights
• Chipotle (NYSE: CMG) – 3,700+ locations globally, $11.3B+ revenue, $75B+ market cap • Absolute NNN lease – tenant responsible for all repairs, maintenance, and expenses; no landlord duties • Adjacent tenants: 7 Brew, Chick-fil-A, Mike’s Car Wash, Thorntons, Menards • New 17-year building lease with multiple 4–5 year renewal options • Brand-new 2025 Chipotlane drive-thru prototype with fixed 10% rent increases every 5 years • Land & building ownership with tax benefits • Prime visibility: Preston Hwy (55K+ VPD), near I-265 (90K+ VPD) and I-65 (135K+ VPD)
Description
Faris Lee Investments is pleased to present the fee simple interest in a newly constructed, freestanding Chipotle located at 10415 Preston Highway, Louisville, Kentucky, with a grand opening scheduled for September 12, 2025. This state-of-the-art property features the latest “Chipotlane” drive-thru prototype, designed to maximize sales and operational efficiency. The investment is secured by a 17-year absolute NNN lease with 4-5 year renewal options, including scheduled rental increases throughout the lease term, providing long-term stability, inflation protection, and consistent cash flow. With ownership of both land and building, zero deferred maintenance, and a creditworthy tenant, this property offers unparalleled advantages in the Louisville market for passive investors or 1031 exchange buyers. Chipotle (NYSE: CMG) is an investment-grade, publicly traded QSR brand with over 3,700 locations worldwide and reported revenues exceeding $11.3 billion in 2024. The lease structure places all building, structure, roof, and common area maintenance responsibilities on the tenant, including property taxes, liability insurance, and operating expenses, ensuring a truly hands-off investment. Strategically situated in a dynamic trade area, the property benefits from excellent visibility along Preston Highway (61) with 55,000 VPD, adjacency to Interstate 265 (90,000 VPD), and close proximity to Interstate 65 (135,000 VPD). The location lies between high-traffic anchors, including Chick-fil-A and Menards, and nearby retailers such as Walmart, Lowe’s, Kroger, Kohl’s, Meijer, Tractor Supply, and Cinemark Cinemas, generating strong consumer traffic. Louisville is a growing distribution hub, supported by top employers like Amazon, UPS, Ford Motor Co., Best Buy Logistics, and Gordon Food Service, as well as the nearby Louisville International Airport, the third-largest cargo airport in North America. Ford’s recent $5.8 billion investment in two lithium battery plants further underscores local economic growth. With a metro population of 1.36 million and an average household income of $92,076 within one mile, this offering presents a compelling opportunity to acquire a premier, high-performing, passive investment property in a prime Louisville location.
Property Documents
10451 Chipotle Flyer.pdf
10.38 MB
Listing Details
- Cap Rate
4.75%
- Tenancy
Single
- Space Type
Retail
- Sub Category
Restaurant
- Sale Type
Investment Sale
- Date Listed
10/24/2025
- Net Operating Income
$188,488
- Building FAR
0.08
Property Specifics
- Property Name
New Chipotle W/ Chipotlane-Adj to Chick-fil-A | 10415 Preston hwy
- No of Buildings
1
- No of Stories
1
- Year Built
2025
- Building Size
2,325 SF
- Lot Size
0.67 Ac
- APN
008500960000
- Occupancy
100%