Royal Oak, MI 48067

Chipotle Drive-Thru

Property Address

305 West Eleven Mile Road, Royal Oak, MI, USA

Offering Summary

  • Price: $3,275,300
  • Lot Size: .81 Acres
  • Cap Rate: 4.25%
  • Year Built: 2021
  • Building SF: 2,400
  • Status: Available
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  • Operating on New Rare 12-Year Double-Net (NN) Lease with Corporate Guarantee
  • Rent Increases Every Five Years Including Four Renewal Option Periods
  • Brand New 2021 Prototype Design Equipped with Drive-Thru Window - “Chipotlane” Restaurant Concepts Generate 10% More in Sales
  • High Income and Populous Area with Average Annual Household Income over $123,000 within 1 Mile of Subject Property and 368,054 Residents within a 5-Mile Radius
  • Centrally Located in Heart of Downtown Royal Oak - Just One Mile From The Detroit Zoo, Michigans Largest Tourist Destination
  • High Visibility on Signalized Hard Corner of 11 Mile & Washington Ave (22,000+ CPD)
  • Surrounded by National Retailers - Meijer, Starbucks, Walgreens, Panda Express, Panera, T-Mobile, LA Fitness, McDonald’s, Jimmy John’s, Taco Bell, Burger King, Verizon, CVS, Chase Bank and More
  • Immediate Connections to Walter P. Reuther Fwy 696 (130,693 CPD) and M-1 Hwy / Woodward Ave (42,561 CPD)

Broker Information