Price $2,775,000 | Built/Renov 2020/2023 | Tenant Chipotle |
Cap Rate 5.25% | Lease Type
NN+ | Guarantor Corp Traded |
Size/SF
3,033
| Lease Start
08-22-2023
| #Units
3,224
|
Price/SF $914.94 | Expiration
08-31-2033
| Tenant Type Fast Casual/Rest. |
NOI $145,588 | R. Term 9.8 | Ownership Fee Simple |
Rent/SF
$48.00
| Increases 10.0%/5/yrs | Pop 5Mi 61,579 |
Lot/AC 0.90 | Options 4/5yrs/10% | AHHI 5Mi $105,015 |
| |
This newly renovated Chipotle is strategically located at the signalized, hard corner intersection of Merchant Street and US Hwy 11 with access to 14,000 vehicles per day. The site benefits from direct on/off ramp access to Interstate 81 (50,000 VPD), the longest interstate highway in the state. The subject property is located in the Rutherford Crossing Shopping center which consists of over...
...Signalized intersection
Recent renovation
Shopping Ctr out-parcel
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Favorable NN+ lease
Corporate Guarantee
Publicly traded company
Chipotle Mexican Grill, Inc., (NYSE: CMG) often known simply as Chipotle, is an American chain of fast casual restaurants in the U.S., United Kingdom, Canada, Germany, and France, specializing in...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 729 | 33,469 | 67,487 |
2023 Total Population : | 527 | 28,551 | 61,579 |
2023 Employed Civilian Pop : | 241 | 14,082 | 30,873 |
2023 Total Businesses : | 113 | 1,013 | 2,598 |
2023 Average Household Income : | $ 96,917 | $ 89,599 | $ 105,015 |
2023 Total Consumer Spending : | $ 17 M | $ 829 M | $ 2114 M |
2023 Median Age : | 46 | 39 | 39 |
2023 Total Households : | 210 | 10,578 | 23,285 |
2023 Pop Age 25+: Bachelor's Degree : | 78 | 3,366 | 8,108 |
2023 Average Home Value : | $ 307,692 | $ 295,453 | $ 351,773 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Merchant St | Martinsburg Pike | 2011 | 4,100 | 0.04 mi |
Market St | Milton Ray Dr | 2011 | 2,700 | 0.19 mi |
Martinsburg Pike | Market St | 2018 | 13,000 | 0.20 mi |
Martinsburg Pike | Market St | 2021 | 14,000 | 0.21 mi |
Martinsburg Pike | Redbud Rd | 2021 | 14,000 | 0.22 mi |
Martinsburg Pike | Redbud Rd | 2016 | 12,000 | 0.22 mi |
2016 | 5,900 | 0.24 mi | ||
Redbud Rd | 2021 | 5,300 | 0.24 mi | |
Martinsburg Pike | 2021 | 6,000 | 0.34 mi | |
R-VA IS00081SB RMP317.00A | Martinsburg Pike | 2020 | 5,200 | 0.34 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]