Chipotle NNN Cap Rates
Chipotle asking cap rates right now
26 active Chipotle listings on Net Lease World as of October 15, 2026.
Across listings that publish a cap rate, the median asking cap rate is 5.05% and the average is 5.02%, ranging from 3.85% to 6.00%.
These are asking cap rates on active listings, not closed sales. Final pricing can differ.
| Cap rate band | Listings | Average asking price |
|---|---|---|
| Under 5.00% | 11 | $4,352,126 |
| 5.00% – 5.99% | 14 | $2,853,429 |
| 6.00% – 6.99% | 1 | $2,650,000 |
Cap rate by remaining lease term
Longer remaining terms usually price at lower cap rates. Here is how our live listings break down.
| Term remaining | Listings | Average asking cap rate |
|---|---|---|
| Under 5 years | 1 | 5.00% |
| 5 – 9.9 years | 3 | 5.60% |
| 10 – 14.9 years | 11 | 4.92% |
| 15+ years | 11 | 4.97% |
Cap rate by state
States with active listings (50 states only; DC and territories are reported separately).
| State | Listings | Average asking cap rate |
|---|---|---|
| Florida | 4 | 4.54% |
| Illinois | 4 | 5.51% |
| Arizona | 3 | 4.50% |
| Ohio | 3 | 5.41% |
| Georgia | 2 | 4.67% |
| Tennessee | 2 | 4.64% |
| California | 1 | 5.75% |
| Colorado | 1 | 5.00% |
| Minnesota | 1 | 5.75% |
| Nevada | 1 | 4.36% |
| North Carolina | 1 | 5.50% |
| South Carolina | 1 | 5.10% |
| Texas | 1 | 6.00% |
| Washington | 1 | 4.50% |
Frequently asked questions
What is the average Chipotle cap rate?
The average asking cap rate across 26 active Chipotle listings on Net Lease World is 5.02% as of October 15, 2026 (median 5.05%).
Are these closed sale cap rates?
No. They are asking cap rates on active listings. Closed sale prices can be higher or lower.
How do I hear about new Chipotle listings?
Set a free alert on the Chipotle page and we will email you when one lists.