Chipotle-Wasau

Marcus & Millichap Brokers $2.5 Million Sale of Single-Tenant Restaurant Property in Wisconsin

by Abby Cox

Wausau, Wis. — Marcus & Millichap has brokered the $2.5 million sale of a single-tenant restaurant property net leased to Chipotle Mexican Grill in Wausau. The newly constructed building totals 5,000 square feet. The property is secured by a 15-year, corporate-guaranteed net lease and is the only Chipotle within a 95-mile radius, according to the company. Jeff Rowlett, Blake Hanlon and Mark Peltin of Marcus & Millichap procured the buyer, Niets Investment Co. Michael Hughes of Marcus & Millichap Capital Corp. secured a five-year loan with a fixed interest rate of 5.65 percent and a 25-year amortization period.

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