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 |