Chipotle 2 N Black Horse Pike

2 N Black Horse Pike , Bellmawr, New Jersey, 08031 | 2,325 sq.f | $ 2,400,000

Card image
Card image
Card image

About This Restaurant

Investment Highlights

Recent 2021 new construction prototype featuring Chipotle's ?Chipotlane?, which functions as a drive thru and a pickup window for online orders 10% rental increases every 5 years in the base term of the lease and in each option period Dense, Affluent Philadelphia submarket with nearly 275,000 residents and Average Household Incomes ranging from $108,192-$114,092 in the 5-mile radius Corporately Guaranteed, Long-Term NNN Lease with 12 years remaining and 3x5yr options to renew Less than 1 mi. from the interchanges of I-295 (130,000+ VPD), New Jersey Turnpike. (64,000+ VPD) and just 1.5 mi. from I-76 (177,000+ VPD) Signalized corner of N. Black Horse Pike/W. Browning Road (combined 41,000+ VPD);ingress/egress on both roads and access/parking easement

Executive Summary

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    2,325
  • Building Class    C
  • Year Built    2021
  • Price    2,400,000
  • Price Per SF    1,032
  • Cap Rate    5
  • NOI    120,000
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.08
  • Land Acres    0.64 AC

Amenities

  • Bus Line
  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Air Conditioning

Property Taxes

Parcel Number 04-00139-0000-00002 Improvements Assessment $280,800
Land Assessment $419,200 Total Assessment $700,000
Date Created: 2024-07-16 04:16:26 Last Updated: 2024-07-16 04:16:26
Address: 2 N Black Horse Pike , Bellmawr, New Jersey, 08031