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Virtual Drive-By

Chipotle NNN

346 Timpany Boulevard · Gardner, MA 01440 · QSR / Restaurant

Asking price
$1,950,000
Cap rate
5.38%
NOI
$105,000

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Lease

Lease typeNNN
Term remaining9.4 yrs
Expiration12/2035
Rent bumps5% Every 5 Years and During Options
Options4 x 5 Years
Ground lease
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF2,325
Price / SF$839
Year built2024
Lot size
TypeQSR/Fast Food, Restaurant
Days on market325

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

BEST-IN-CLASS NET LEASE INVESTMENT

  • ​Brand-new 2024 construction with drive-thru – 10-year corporate lease with 9+ years remaining.
  • ​Attractive 10% rental increases every 5 years – a reliable hedge against inflation.
  • ​Corporate guarantee – Chipotle Mexican Grill, Inc. – over 3,800 locations across 6 countries.
  • ​Highly accessible price point – low rent relative to Chipotle averages, ideal for 1031 exchange buyers.
  • ​Pandemic, recession & e-commerce resistant tenant – nationally recognized category leader.

DOMINANT RETAIL LOCATION WITH BUILT-IN TRAFFIC DRIVERS

  • ​Destination retail setting – outparcel to ALDI, Tractor Supply Co., Five Below, and Dollar Tree–anchored shopping center.
  • ​High-visibility, highway-adjacent location – just blocks from Route 2, a major East-West State Highway.
  • ​Primary retail arterial of the trade area – strong traffic counts and daily consumer draw.
  • ​Affluent consumer base – average household income of $86,000+ within a 3-mile radius.

Property overview

Sands Investment Group is pleased to exclusively offer for sale the single tenant Chipotle Mexican Grill investment property located at 346 Timpany Blvd, Gardner, MA.​ The property features brand new 2024 construction, including a drive-thru with a new 10-year lease.​ With 10% rental increases every 5 years, this investment provides a hedge against inflation throughout the term of the lease with a corporate guarantee.​ Chipotle currently has over 3,800 locations in 6 countries and continues to grow.​ As a pad to an ALDI, Tractor Supply, Five Below, and Dollar Tree anchored shopping center, the asset benefits from being situated in a destination location.​ Priced at only $1,950,000, this asset is ideal for a 1031 exchange buyer.​ With a highway adjacent location on a main retail arterial in the trade area, this asset offers a long-term passive investment opportunity with a strong guarantee and a growing income stream for a new owner.​

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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.