Job Details
Tenant: **Chipotle Strip Center | Dubuque, IA**
Premises: **10,676 SF**
Renewal Options: **Varies** Lease Expiration: **Varies**
Lease Type:
Rental Increases: **Varies**
Sands Investment Group is Pleased to Present Exclusively For Sale the 100% Occupied Chipotle Strip Center Property With Other Notable Tenants Such as Five Guys, T-Mobile and Sport Clips in Dubuque, Iowa. This Opportunity Includes Four High-Quality, Internet Resistant Tenants With T-Mobile Recently Signing a 10 Year Lease, Providing For a Secure Investment. The Property Also Sits at a Signalized Hard Corner With High Traffic Counts Next to a Target and Hy-Vee Grocery Anchored Plaza.
* Corporate Leases: Chipotle, Five Guys and T-Mobile All Have Corporate Leases While Sport Clips is Guaranteed By a Franchisee With 30 Locations
* New 10-Year Corporate T-Mobile: Brand New 10-Year
T-Mobile Lease; T-Mobile Recently Merged With Sprint Creating a Total Market Cap of $175 Billion, Making it the 2nd Largest Wireless Carrier in the U.S.
* Chipotle Performance: Chipotle Recently Announced Their Intentions to Open Another 200 Restaurants in 2021 and Have Seen a 5-Year Compound Annual Growth Rate in Total Revenue of 8.3%
* Target & Hy-Vee Grocer Shadow-Anchors: 100% Occupied Target and Hy-Vee Grocery Shadow Anchored Strip Center in the Growing City of Dubuque, IA; Tenancy Includes Chipotle, T-Mobile (BB+ Moodys), Five Guys and Sport Clips, Providing a New Investor Stability With a Strong Credit Tenant Mix
* Strong Population Growth: Population Growth Within a 1-Mile Radius of the Property Was 4.0% From 2010-2021 With a Projected Increase of 0.7% By 2026, Showing the Strength of This Growing Market
* High Traffic Count: The Property Sits at a Signalized Hard Corner at the Entrance of Warren Plaza, Along Dodge Street, Seeing a Combined Traffic Count of 47,763 VPD
* University of Dubuque: Dubuque is Home to University of Dubuque, a Private College With Current Enrolment at 2,200 Students, Rated the #1 Nursing School in Iowa According to Nurse.org and 1.5-Miles From the Property
* Primary Retail Corridor: The Property is Conveniently Located Near Other Notable Tenants Such as: Target, Hy-Vee Grocery, Best Buy, Dicks Sporting Goods, Chick-fil-A, Verizon, Wendys, Advanced Auto and More, Drawing Large Amounts of Traffic to the Center
In Cooperation With Sands Investment Group Iowa, Inc Lic. # F06091000 BoR: Andrew Ackerman- IA Lic. # B67615000
Read Additional From SIG, Specializing in Absolute Triple Net Lease Opportunities
Tenant Overview T-Mobile U.S. Inc. (NASDAQ: TMUS) is Americas supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile and Metro by T-Mobile. In addition, T-Mobile sells phones, tablets, and accessories from such vendors as Apple, Samsung, and Google. T-Mobile US is one of the largest providers of wireless voice and data communications services in the US with more than 81 million customers. The company's T-Mobile and Metro by T-Mobile (formerly MetroPCS) subscribers use its networks domestically. On April 1, 2020, T-Mobile US and Sprint Corporation completed their merger, with T-Mobile now being the whole owner of Sprint, making Sprint an effective subsidiary of T-Mobile until the Sprint brand was officially phased out. It has about 8,364 T-Mobile locations in the United States as of July 22, 2021. The state with the most number of T-Mobile locations in the US is California, with 1,102 locations, which is 13% of all T-Mobile locations in America. Five Guys is a Virginia-based fast-casual hamburger and fries franchise restaurant group with locations across the United States, Canada, Europe, Asia, and the Middle East. Started in Arlington, Virginia in 1986 by Jerry and Janie Murrell and their five sons, Five Guys gained fame with their hand-formed burgers and fresh-cut fries cooked in pure peanut oil. Five Guys is an American fast casual restaurant chain focused on hamburgers, hot dogs, and French fries. The Five Guys menu is centered on hamburgers offered with Kraft American cheese or applewood-smoked bacon and kosher style hot dogs (Hebrew National all-beef franks), as well as grilled cheese, BLT and vegetable sandwiches. Now, 30 years after Five Guys first opened, there are almost 1,400 locations worldwide and another 1,500 units in development. Five Guys continues to receive generous media attention and has grown a cult-like following around the world. Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. Chipotle had over 2,800 restaurants as of March 31, 2021, in the United States, Canada, the United Kingdom, France and Germany and is the only restaurant company of its size that owns and operates all its restaurants. With over 97,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. Steve Ells, founder and former executive chairman, first opened Chipotle with a single restaurant in Denver, Colorado in 1993. Sport Clips is proud to be the only national hair care franchise with locations in all 50 states in the U.S., with more than 1,850 open in the U.S. and Canada. Assembling a group of passionate industry professionals, Logan and his team worked together to develop the unique Sport Clips Haircuts concept we know today. While Sport Clips logo and store design have been enhanced since the first location opened in Austin, Texas, in 1993, Logans goal and Sport Clips mission of providing a Championship Haircut Experience in an exciting sports environment remain the same. At Sport Clips, we offer Clients the expertise of well-trained Stylists, in a fun, casual environment where they can enjoy watching sports on TV during their haircut. Sport Clips Stylists know men's hairstyles, from the classic haircut to cutting edge, we have the expertise and experience to create the perfect look for you. Sport Clips makes getting your haircut more convenient than ever with Online Check In. Check in online to cut the wait by getting in line before heading to the store, see wait times for stores around you, save your favorite stores and Stylists, and more. The Franchisee, Cary and Laure Kledzik, operate approximately 30 salons throughout Illinois, Iowa and Wisconsin. **Chipotle Strip Center | Dubuque, IA**
3450 Dodge Street - Dubuque, IA 52003
$6,380,000
Cap Rate: **5.61%**
Status: **Available**