About This Restaurant
Investment Highlights
12-Year Lease with Increases Throughout Base Term and Options Chipotle?s Stock (NYSE: CMG) is Up Approximately 345% Over the Last 5 Years Brand New Prototype with ?Chipotlane? Drive-Thru, Limited Landlord Responsibilities Corporate Guaranty, Fortune 500 Company with 3,304+ Locations and $9.53 Billion in Annual Revenue Average Unit-Level Sales for Chipotle is Nearly $3 Million in the U.S. Serving Over 93,000 Residents in Growing Primary Trade Area
Executive Summary
Property Details
- Sale Type Investment NNN
- Sale Condition Build to Suit
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 2,325
- Building Class A
- LoopNet Rating 4 Star
- Year Built 2022
- Price 1,951,000
- Price Per SF 839
- Cap Rate 5.90
- NOI 115,088
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.09
- Land Acres 0.59 AC
Amenities
- Drive Thru
Nearby Amenities & Transportation
Retail | Independent Bank | ||
Retail | Russ' Restaurants | ||
Retail | Chase Bank | ||
Retail | Chili's | ||
Retail | Comerica | ||
Retail | PNC Bank | ||
Retail | Wingstop | ||
Retail | Tim Hortons | ||
Retail | BIGGBY Coffee | ||
Retail | Huntington National Bank |
Date Created: | 2024-07-16 04:16:18 | Last Updated: | 2024-07-16 04:16:18 |
Address: | 3194 Henry St , Norton Shores, Michigan, 49441 |