About This Restaurant
Investment Highlights
Long-Term, 15-Year Double Net (NN) Lease Corporate Guarantee Approximately 14.28 Years Remaining
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Chipotle located at 5 Radcliffe Drive, Moosic, Pennsylvania. The site consists of roughly 2,562 rentable square feet of building space on estimated 1.00-acre parcel of land. This Chipotle is subject to a 15-year double-net (NN) lease, which commenced September 1, 2022. The current annual rent is $126,562 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 2, 5-Year Options and 1, 4-Year and 11-month option.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food
- Building Size 2,562
- Building Class C
- Year Built 2022
- Price 2,365,645
- Price Per SF 923
- Cap Rate 5.35
- NOI 126,562
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 1.00 AC
Property Taxes
| Parcel Number | 18601010012 1860101001205 | Improvements Assessment | $72,431 |
| Land Assessment | $70,000 | Total Assessment | $142,431 |
| Date Created: | 2024-07-16 04:18:12 | Last Updated: | 2024-07-16 04:18:12 |
| Address: | 5 Radcliffe Dr , Moosic, Pennsylvania, 18507 | ||