About This Restaurant
Investment Highlights
NEW 15-YEAR CORPORATE LEASE SIGNALED CORNER, HIGH TRAFFIC LOCATION TO 37,638 VPD ENHANCED VALUE IN OVERSIZED 2.33-ACRE PARCEL WITH ?CHIPOTLANE? DRIVE-THRU
Executive Summary
The Tenant, Chipotle Mexican Grill, Inc., is subject to a new 15-year lease to commence in Summer 2024. The corporate lease features 10 percent rental increases every five years during the base term and option periods, providing an excellent hedge against inflation. Chipotle will operate in a 5,468-square-foot store, with 3,100 square-feet on the ground floor. There is a 2,200-square-foot lower level but it will not be used by the tenant. The site will also feature a "Chipotlane" modernized drive-thru. A longtime leader and innovator in the food industry, Chipotle is publicly traded on the New York Stock Exchange under the ticker NYSE: CMG.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant
- Building Size 3,100
- Building Class B
- LoopNet Rating 4 Star
- Year Built 2024
- Construction Status Under Construction
- Price 2,636,364
- Price Per SF 850
- Cap Rate 5.50
- NOI 145,000
- Percent Leased 100
- Tenancy Multiple
- Building Height 2 Stories
- Building FAR 0.03
- Land Acres 2.33 AC
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 24-5364-14-34-5242 | Improvements Assessment | $176,500 |
| Land Assessment | $455,600 | Total Assessment | $632,100 |
| Date Created: | 2024-07-16 04:23:34 | Last Updated: | 2024-07-16 04:23:34 |
| Address: | 15 Maplewood Dr , Douglassville, Pennsylvania, 19518 | ||