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Chipotle 3730 Patrick Way
2,325 SF Retail Building Elizabeth City, NC 27909 $3,125,000 ($1,344.09/SF) 5.20% Cap Rate
INVESTMENT HIGHLIGHTS
- 2024 brand new construction | Fresh 15-year lease
- Close proximity to Tanglewood Pavilions, Shoppes at Tanglewood, and a Walmart Supercenter
- Explosive population growth within a 1-mile radius | 43.62% from ’10-‘24
- Corporate guaranteed lease | Chipotle Mexican Grill, Inc. | 3,200 locations across North America & Europe
- Regional consumer draw to the immediate retail corridor
- Less than 5 minutes from new Sentara Albemarle Medical Center under construction | 88 beds & 60,000 SF
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- 2,325 SF
- -
- Triple Net
- Dec 2039
Chipotle was born of the radical belief that there is a connection between how food is raised and prepared, and how it tastes. Real is better. "Better for You, Better for People, Better for The Planet". It may be the hard way to do things, but it’s the right way. One of the first national restaurant brands to commit to goals on local and organic produce. First national restaurant brand to commit to using only responsibly raised meat with some of the highest animal welfare standards.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 2,325 SF | - | Triple Net | Dec 2039 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7993867609 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $841,400 |
PROPERTY TAXES
Presented by
Chipotle | 3730 Patrick Way
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