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| Price $3,143,000 | Tenant Chipotle | |
| Cap Rate 5.25% | Lease Type
Double NN | Guarantor Corp Traded |
| Size/SF
2,627
| Lease Start
10-01-2025
| #Units
3,636
|
| Price/SF $1,196.42 | Expiration
09-30-2040
| Tenant Type Fast Casual/Rest. |
| NOI $165,000 | R. Term 15.00 | Ownership Fee Simple |
| Rent/SF
$62.81
| Increases 10.0%/6/yrs | Pop 5Mi 183,493 |
| Lot/AC 0.72 | Options 3/5yrs/10% | AHHI 5Mi $121,641 |
| | |
Brand new 15-year corporate guaranteed Chipotle lease commencing October 2025
Fee simple ownership with NN lease structure
10% rental increases every five years throughout lease term
High visibility along Route 42 with 79,300 vehicles per day
Surrounded by major national retailers creating strong tenant synergy
Affluent 5-mile demographics with $121,641 average household income
Newly renovated building with new roof in 2025
Three five-year renewal options extending lease up to 30 years
Chipotle – Turnersville is strategically located along Route 42 (Black Horse Pike) in Turnersville, New Jersey, with access to a daily traffic count of approximately 79,300 vehicles. The site is surrounded by major national retailers including Target, Walmart Supercenter, Lowe’s, Aldi, CVS Pharmacy, Kohl’s, Starbucks, Chick-fil-A, Popeyes, McDonald’s, and Dunkin’, driving consistent consumer...
...Recent renovation
Hard corner intersection
High traffic 50M+ VPD
Major thoroughfare
Dense 100M+ pop 5 mi
Top 100 MSA
Brand new lease
Long 15+ yr lease
Traded and rated company
Over 2000 units backed
Chipotle Mexican Grill, Inc., or “Chipotle”, is an American chain of fast-casual restaurants in the U.S., United Kingdom, Canada, Germany, and France. The Fortune 500 company...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
