Chipotle: Erie, PA | 4165 Buffalo Rd
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Chipotle: Erie, PA 4165 Buffalo Rd
2,325 SF Retail Building Erie, PA 16510 $2,350,000 ($1,011/SF) 4.25% Cap Rate
Investment Highlights
- Long-Term Lease with Corporate Guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG)
- Hard Corner Location at Signalized Intersection of Buffalo Road (14,177 VPD) & Nagle Road (10,916 VPD)
- Surrounded by Over 3,700 Households within 1 Mile | Substantial Built-In Customer Base
- Only Chipotle Location in Erie with Drive-Thru Lane
- 4 Miles Northwest of Downtown Erie, PA (MSA Population: 269,011)
- 4.5 MSF Retail, 6.8 MSF Office, 9.5 MSF Industrial and 4,687 Multifamily Units within 5-Miles
Executive Summary
The CBRE Net Lease Property Group is pleased to exclusively offer for sale the 2,325-square-foot freestanding Chipotle situated on approximately 0.68 acres in Erie, PA (MSA Population: 269,011) – the largest city in Northwestern Pennsylvania and county seat of Erie County. Constructed in 2021, Chipotle’s net lease features a corporate guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG).Out of the three Chipotle locations in Erie, the Buffalo Road store services the east side of Erie (the other two stores 10+ miles west) and is the only store of the three equipped with a drive-thru lane for customers to pickup orders made through Chipotle’s app or website
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,325 SF
Building Class
B
Year Built
2021
Price
$2,350,000
Price Per SF
$1,011
Cap Rate
4.25%
NOI
$99,875
Tenancy
Single
Building Height
1 Story
Lot Size
18.11 AC
Zoning
B1 - Commercial
Parking
42 Spaces (18.06 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 27-051-151.0-017.00 | Improvements Assessment | $2,812,400 |
| Land Assessment | $1,580,400 | Total Assessment | $4,392,800 |
PROPERTY TAXES
Parcel Number
27-051-151.0-017.00
Land Assessment
$1,580,400
Improvements Assessment
$2,812,400
Total Assessment
$4,392,800
Contacts
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Kaitlyn Wolf -
Matthew Gorman -
Leah Lindell -
Abby Kelly -
CBRE, Inc.
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Chipotle: Erie, PA | 4165 Buffalo Rd
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