5 Radcliffe Dr
Moosic, PA 18507
Chipotle | New Construction · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New construction Chipotle build-to-suit offering zero deferred maintenance and tax shelter via deprecation for the landlord
- Chipotle's newest prototype with “Chipotlane” which functions as a drive-thru and a pickup window for online orders
- Will be the “go to” location as the next closest Chipotle is over 11 miles away and the closest Qdoba is 50+ miles away
- Chipotle executed a new 15-year NNN lease with three options to renew and a commencement/completion date in fall of 2022
- The subject property’s lease includes 10% rental increases every 5 years in the base term of the lease and in each option period
- Less than 1 mile from on/off ramps to Interstate 81 which sees over 72,000 vehicles per day and situated approximately 4.5 miles from the Wilkes-Barre
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,562 SF
Building Class
C
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $70,000 | |
| Land Assessment | $72,431 | Total Assessment | $142,431 |
