Stan Johnson Company Represents Texas Developer in the Sale of a Chipotle Restaurant

Chipotle-SanAntonio

Stan Johnson Company, 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 Stan Johnson Company 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 Stan Johnson Company’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 Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $45 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.