Chipotle | New Construction 15 Yr Lease 1003 Village Center Dr

1003 Village Center Dr , Tarentum, Pennsylvania, 15084 | 2,496 sq.f | $ 3,132,000

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About This Restaurant

Investment Highlights

New Construction Chipotle w/ Drive-thru 15-Year Double-Net Lease in the Pittsburgh, PA MSA High Performing Chipotle Ranking Top 30% Nationally, Top 28% in Pennsylvania, and #3 Out of 11 Chipotles Within a 15-Mile Radius Corporate Guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG) - $80 Billion Market Cap & $9.9 Billion Revenue (FY2023) Outparcel to Lowe?s (Top 14% Nationally) & Part of the Larger Village at Pittsburgh Mills Shopping Destination w/ 5.6 Million Annual Visitors (Top 10 Minimal Landlord Responsibility ? Roof/ Structure Only; Duro-Last PVC Roof w/ 20- Year ?No Dollar Limit? Warranty Store Equipped w/ Mission-Critical ?Chipotlane? Drive-Thru ? Chipotle Reports Digital Orders (Pickup or Delivery) are Responsible for 37% of 2023 Sale

Executive Summary

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Freestanding General Retail Storefront FlexLight Distribution Restaurant
  • Building Size    2,496
  • Year Built    2023
  • Price    3,132,000
  • Price Per SF    1,255
  • Cap Rate    5
  • NOI    156,624
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.09
  • Land Acres    0.66 AC

Nearby Amenities & Transportation

Retail ALDI
Retail Olive Garden Italian Rstrnt
Retail Five Guys
Retail Red Robin
Retail Smokey Bones BBQ & Grill
Retail Starbucks
Retail PNC Bank
Retail Chili's
Retail Longhorn Steakhouse
Retail Woodforest National Bank
Date Created: 2024-07-16 04:23:34 Last Updated: 2024-07-16 04:23:34
Address: 1003 Village Center Dr , Tarentum, Pennsylvania, 15084