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Chipotle
110 Veeders Mill, Amsterdam, NY 12010
$1,789,000
Cap Rate 5.70%
Summary
| Price $1,789,000 | Built/Renov 2022 | Tenant Chipotle |
| Cap Rate 5.70% | Lease Type
Double NN | Guarantor Corp Traded |
| Size/SF
2,325
| Lease Start
06-01-2022
| #Units
3,224
|
| Price/SF $769.46 | Expiration
06-01-2032
| Tenant Type Fast Casual/Rest. |
| NOI $102,000 | R. Term 8.5 | Ownership Fee Simple |
| Rent/SF
$43.87
| Increases 10.0%/4/yrs | Pop 5Mi 26,897 |
| Lot/AC 0.64 | Options 4/5yrs/10% | AHHI 5Mi $72,510 |
| | |
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Lease Highlights
- New 2022 construction
- Chipotle recently signed a brand new 10 year lease with with 4 (5-year) options to extend
- Lease features 10% rental increases every 5 years throughout the initial term and at each option period
- Corporate guarantee by Chipotle Mexican Grill, Inc. (NYSE: CMG)
Location Description
This newly constructed Chipotle is located near the signalized, hard corner intersection of Veeders Mill and NY-30 with access to over 17,000 vehicles per day. The site benefits from significant street frontage promoting excellent visibility and access for customers. The tenant is surrounded by multiple shopping centers including Sanford Farms (200,000 SF), Amsterdam Commons (50,000 SF), and...
...Features
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New construction
-
Signalized intersection
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Hard corner intersection
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Major thoroughfare
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Near major nationals
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Hospital close
-
Brand new lease
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Long 10+ yr lease
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Corporate Guarantee
-
Publicly traded company
...
Maps
Tenant
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 12,706 | 22,044 | 26,904 |
| 2023 Total Population : | 12,623 | 22,102 | 27,048 |
| 2023 Employed Civilian Pop : | 5,064 | 9,306 | 11,755 |
| 2023 Total Businesses : | 386 | 799 | 934 |
| 2023 Average Household Income : | $ 61,074 | $ 70,712 | $ 76,788 |
| 2023 Total Consumer Spending : | $ 283 M | $ 573 M | $ 763 M |
| 2023 Median Age : | 36 | 41 | 42 |
| 2023 Total Households : | 5,225 | 9,187 | 11,282 |
| 2023 Pop Age 25+: Bachelor's Degree : | 875 | 2,016 | 2,641 |
| 2023 Average Home Value : | $ 144,450 | $ 161,196 | $ 171,384 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| High Street | Church St | 2021 | 418 | 0.08 mi |
| Church St | State Rte 67 | 2019 | 7,944 | 0.10 mi |
| Church St | Guy PkAve | 2000 | 21,800 | 0.11 mi |
| State Highway 67 | Hwy 67 | 2021 | 7,289 | 0.12 mi |
| NY 30 | Shuler St | 2021 | 13,329 | 0.12 mi |
| Locust Ave | 2021 | 3,960 | 0.13 mi | |
| Garden Pl | 2021 | 1,520 | 0.13 mi | |
| State Highway 5 | Pearl St | 2021 | 9,264 | 0.13 mi |
| Prospect Street | 2018 | 4,386 | 0.13 mi | |
| Church Street | Hwy 67 | 2018 | 22,740 | 0.14 mi |
