35 Westchester Sq

35 Westchester Square — Offering Memorandum L U N D G R E N T E A M | S E R H A N T .

Corporate guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG) - an investment-grade, national fast-casual operator

NNN lease structure — tenant is responsible for 100% of real estate taxes, utilities, and interior/HVAC repairs; landlord's obligations are limited to structural and roof elements 

Contractual rent growth built into the initial term and both renewal options

Long-term hold with built-in optionality — 12-year initial term plus two renewal options (3 years, then 5 years)

Irreplaceable transit-oriented location steps from the 6 train and eight local bus lines, in a dense, transit-dependent trade area

Use and exclusivity protections restrict competing burrito, fajita, and taco uses elsewhere in the building