•	Chipotle recently signed a 15-year lease with 4 (5-year) options to extend
•	The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded (NYSE: CMG) and nationally recognized tenant with over 3,500 locations
•	2024 construction that features high quality materials, distinct design elements, and high-level finishes
•	10% rental increases at the beginning of each option period

Offering Memorandum

•	Chipotle is strategically positioned off the signalized, hard corner intersection of US Hwy 98 and Van Ave averaging 34,900 VPD
•	The immediate trade area is supported by retailers such as Target, Chick-fil-A, Starbucks, and more
•	Directly across from a Chevrolet dealership, providing a direct consumer base from which to draw
•	Equipped with a Chipotlane, maximizing productivity and efficiency

Daphne, AL - Chipotle

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Jarrett Slear joined SRS Real Estate Partners in 2023 as Patrick Nutt’s lead analyst on the Florida Capital Markets team. During this time, he played a pivotal role in underwriting single-tenant properties, single-tenant portfolios, and several multi-tenant assets for both institutional and developer clients. As an analyst, Jarrett underwrote more than 500 assets, exceeding $1 billion in total property value. Since transition into brokerage, he’s successfully closed more than 60 transactions, exceeding $115 million in sales volume. Jarrett specializes in seller and buyer representation, with an extensive track record in the disposition of single-tenant retail assets, including QSR, banks, and vacant or distressed properties that present a value-add component through repositioning or redevelopment. Jarrett began his commercial real estate career in the summer of 2021 as an acquisitions and dispositions intern for a publicly traded REIT in Greater Philadelphia. This was followed by a full-time analyst role with the NNN Pro Group’s institutional coverage team in Manhattan, NY, prior to joining SRS.Jarrett graduated from Plymouth State University, where he was a member of the men’s NCAA ice hockey program. He holds a B.S in business administration with a minor in professional sales.

Jarrett Slear

Capital Markets

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Daphne, AL - Chipotle

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Location

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Patrick Nutt

William Wamble

Jarrett Slear