List Search

8599 US Highway 51 N
Millington, TN 38053

Price Upon Request

Fast Food For Sale  •  2,235 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 2,235 SF
  • Lot Size 1.19 AC
  • Building Class C
  • Year Built 2023
  • Tenancy Single
  • Zoning B-2
40 Walk Score

Highlights

Leased to Chipotle (NYSE: CMG) on a brand new 15-year net lease; minimal landlord responsibilities
Corporate guarantee from national tenant: with over 3,100+ locations nationwide
Chipotle has a market cap of nearly $51B; ranks 3rd for all restaurant brands (as of August 2023)
Site is strategically located at a signalized intersection off the main thoroughfare of Millington, seeing a combined 42,124 VPD
New high-quality construction: new prototype building completed in 2023 and features tenant’s new “Chipotlane” Drive-Thru
Tennessee is one of the nine income tax-free states in the U.S; provides buyers with additional tax benefits

Amenities

  • Drive Thru
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Memphis International 38 min - 27.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes