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1003 Village Center Dr

2,496 SF Retail Building Tarentum, PA 15084 $2,848,000 ($1,141/SF) 5.50% Cap Rate

Restaurants Pennsylvania Tarentum 1003 Village Center Dr, Tarentum, PA 15084

INVESTMENT HIGHLIGHTS

  • The lease commenced in September 2023, with 14.1 years remaining, and includes 10% rent increases every five years during the initial term and options
  • This Chipotle ranks in the top 30% nationally, top 28% in Pennsylvania, and #3 out of 11 Chipotles within a 15-mile radius
  • Outparcel to Lowe’s, ranking top 14% nationally, a part of the larger Village at Pittsburgh Mills, and hosting 5.6 million annual visitors
  • The Chipotlane drive-thru is essential for digital orders, which accounted for 37% of sales in 2023

EXECUTIVE SUMMARY

This newly constructed, free-standing Chipotle Mexican Grill is located in the vibrant Pittsburgh MSA, specifically in Tarentum, Pennsylvania. The property features a highly desirable Chipotlane drive-thru and is part of the bustling Village at Pittsburgh Mills shopping destination.

ATTACHMENTS

Chipotle - Tarentum, PA

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,496 SF
Year Built
2023
Price
$2,848,000
Price Per SF
$1,141
Cap Rate
5.50%
NOI
$156,640
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.66 AC

AMENITIES

  • Drive Thru

LINKS

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1003 Village Center Dr, Tarentum, PA - AERIAL map view

NEARBY MAJOR RETAILERS

ALDI
Olive Garden
Five Guys
Red Robin
Smokey Bones
Starbucks
PNC Bank
Chili's Grill & Bar
Longhorn Steakhouse
Woodforest National Bank

PROPERTY TAXES

Parcel Number 0728-D-00072-0000-00 Improvements Assessment $491,500
Land Assessment $267,400 Total Assessment $758,900

PROPERTY TAXES

Parcel Number
0728-D-00072-0000-00
Land Assessment
$267,400
Improvements Assessment
$491,500
Total Assessment
$758,900
(216) 264-2043

CONTACTS

  • Listing ID: 34517580

  • Date on Market: 1/17/2025

  • Last Updated:

  • Address: 1003 Village Center Dr, Tarentum, PA 15084

More public record information on 1003 Village Center Dr, Tarentum, PA 15084

The Retail Property at 1003 Village Center Dr, Tarentum, PA 15084 is currently available for sale. Contact Marcus & Millichap for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

1003 Village Center Dr
(216) 264-2043 x

1003 Village Center Dr

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Craig Fuller

(216) 264-2043

(216) 264-2043

Erin Patton

(614) 360-9800

(614) 360-9800

Scott Wiles

(216) 264-2000

(216) 264-2000

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