About This Restaurant
Investment Highlights
Drive-thru lane available
Executive Summary
The CBRE Net Lease Property Group is pleased to exclusively offer for sale the 2,325-square-foot freestanding Chipotle situated on approximately 0.68 acres in Erie, PA (MSA Population: 269,011) ? the largest city in Northwestern Pennsylvania and county seat of Erie County. Constructed in 2021, Chipotle?s net lease features a corporate guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG).Out of the three Chipotle locations in Erie, the Buffalo Road store services the east side of Erie (the other two stores 10+ miles west) and is the only store of the three equipped with a drive-thru lane for customers to pickup orders made through Chipotle?s app or website
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 2,325
- Building Class B
- Year Built 2021
- Price 2,350,000
- Price Per SF 1,011
- Cap Rate 4.25
- NOI 99,875
- Tenancy Single
- Building Height 1 Story
- Land Acres 18.11 AC
Amenities
- Drive Thru
Nearby Amenities & Transportation
| Retail | Northwest Bank | ||
| Retail | Applebee's | ||
| Retail | The YMCA | ||
| Retail | Perkins Restaurant & Bakery | ||
| Retail | Citizens | ||
| Retail | Tim Hortons | ||
| Retail | PNC Bank | ||
| Retail | Planet Fitness | ||
| Retail | Snap Fitness 24/7 | ||
| Retail | Giant Eagle |
Property Taxes
| Parcel Number | 27-051-151.0-017.00 | Improvements Assessment | $1,580,400 |
| Land Assessment | $2,812,400 | Total Assessment | $4,392,800 |
| Date Created: | 2024-07-16 04:23:33 | Last Updated: | 2024-07-16 04:23:33 |
| Address: | 4165 Buffalo Rd , Erie, Pennsylvania, 16510 | ||