Chipotle | New 15yr Corp NNN w/ Incrs | DrThr | 1025 W Landis Ave
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Chipotle | New 15yr Corp NNN w/ Incrs | DrThr 1025 W Landis Ave
2,325 SF Retail Building Vineland, NJ 08360 $3,333,000 ($1,434/SF) 5.25% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Corporate Guaranteed | Scheduled Rental Increases | Leading Fast-Casual Chain
- Fronting W. Landis Avenue | 2024 Construction | Chipotlane Concept | Chipotle - 2024 International Expansion
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Chipotle - Q3 2023 Report Highlights | October 26, 2023
Executive Summary
• The tenant recently signed a brand new 15-year lease with 4 (5-Year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded (NYSE: CMG) and nationally recognized tenant with over 3,300 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded (NYSE: CMG) and nationally recognized tenant with over 3,300 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Year Built
2024
Price
$3,333,000
Price Per SF
$1,434
Cap Rate
5.25%
NOI
$174,983
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.78 AC
Opportunity Zone
Yes
Zoning
B-4 - Business
Parking
12.9 Spaces per 1,000 SF Leased
Frontage
127 FT on West Landis Avenue
Amenities
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Chipotle
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Chipotle | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 14-03503-0000-00009 | Improvements Assessment | $0 |
| Land Assessment | $93,700 | Total Assessment | $93,700 |
PROPERTY TAXES
Parcel Number
14-03503-0000-00009
Land Assessment
$93,700
Improvements Assessment
$0
Total Assessment
$93,700
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Chipotle | New 15yr Corp NNN w/ Incrs | DrThr | 1025 W Landis Ave
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