Chipotle & Chase Bank | 15-Year NNN Leases 449 TN-109 Local commercial 526 m² 100 % Loué À vendre Lebanon, TN 37090 7 409 844 € (14 096,66 €/m²) Taux de capitalisation 5,25 %

The subject property is a newly constructed, dual-tenant asset featuring Chase Bank (NYSE: JPM) and Chipotle Mexican Grill (NYSE: CMG), situated on a 1.35-acre parcel. Both tenants are operating under brand new, long-term corporate-guaranteed NNN leases, providing investors with stable income and minimal management responsibilities. Chase Bank occupies 3,333 square feet under a 15-year corporately guaranteed lease, with 10% rental increases every five (5) years and six (6) five-year renewal options. Chipotle Mexican Grill occupies 2,325 square feet under a 15-year corporately guaranteed lease featuring 10% rent escalations every five (5) years and four (4) five-year renewal options.
Located in front of a brand new Publix supermarket, the property benefits from excellent visibility and access at the signalized intersection of TN-109 and Hickory Ridge Road, with traffic counts exceeding 40,000 vehicles per day. It is strategically positioned within a dense and affluent trade area, home to over 154,000 residents with an average household income exceeding $106,000 within 10-miles. Additionally, population in the trade area is projected to grow to more than 181,000 over the next five years, reflecting a growth rate of over 17%. The property is also only minutes from Amazon’s 1-million square foot fulfillment center, which employs over 1,000 workers.
National retailers in the immediate vicinity include Publix, Zaxby’s, Whataburger, Dunkin’, FedEx, Wendy’s, McDonald’s, Circle K, Burger King, Waffle House, Jersey Mike’s, Great Clips, Shell, Crate & Barrel, Speedway, & Walmart. This offering represents a rare opportunity to acquire a high-quality, passive investment with two nationally recognized, investment-grade tenants, long-term leases with structured rent growth, and a location backed by strong demographics and daily traffic volume.