3 Marlton Pike E | Cherry Hill, NJ 08034
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3 Marlton Pike E
Cherry Hill, NJ 08034
Chipotle · Retail Property For Sale
Investment Highlights
- This is a brand new construction property offering zero deferred maintenance for the new owner
- This site will feature Chipotle's newest prototype - Chipotlane - which includes a pick up window for online orders
- Ideal location for Chipotle surrounded by countless national retailers including Whole Foods, CVS, McDonald's, Dollar Tree, Stein Mart and buybuy Baby
- Chipotle just signed a new 15 year lease with three five year options to renew
- There are 10% rental increases every 5 years in the base term of the lease and in each option period
- Densely populated area with 12,264 people within 1 mile of the site, 97,690 people within 3 miles and 301,433 people within 5 miles
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,630 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.47 AC
Zoning
C
PROPERTY TAXES
| Parcel Number | 09-00342-01-00004 | Improvements Assessment | $11,964,200 |
| Land Assessment | $2,499,800 | Total Assessment | $14,341,000 |
PROPERTY TAXES
Parcel Number
09-00342-01-00004
Land Assessment
$2,499,800
Improvements Assessment
$11,964,200
Total Assessment
$14,341,000
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