Northmarq Represents Texas Developer in the Sale of a Chipotle Restaurant

Chipotle-SanAntonio

Northmarq, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a quick service restaurant located at 2741 Southwest Military Drive in San Antonio, Texas. The 2,336-square-foot retail property is fully leased to Chipotle. Anne Perrault of Northmarq represented the seller, a Dallas, Texas-based developer. The 1031 exchange buyer was a private equity group located in Charlotte, North Carolina.

“This particular asset was in a core, major Texas metro area, and with a long-term corporate Chipotle lease, the property received a lot of attention from the market,” said Perrault, Director in Northmarq’s Tulsa, Oklahoma headquarters. “We were very excited for the developer to close the deal at an outstanding cap rate.”

The newly built property is located less than half a mile from San Antonio’s South Park Mall and other national retailers including Target, Academy Sports + Outdoors, Lowe’s, Sam’s Club, and many others. Situated on 1.23 acres, the site reflects the newest Chipotle prototype and features a “Chipotlane” drive-thru.

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About Northmarq:

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.