543 Susquehanna Blvd
Hazle Township, PA 18202

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this new construction 2,325 square foot Chipotle property located on 0.688 acres in Hazleton, PA. This site will feature Chipotle's newest prototype with “Chipotlane” which functions as a drive-thru and a pickup window for online orders. Chipotle executed a new 15-year lease with three options to renew and an expected commencement/completion date in mid-2022. The lease includes rental increases every 5 years in the base term of the lease and in each option period. This Chipotle is a build-to-suit offering with zero deferred maintenance and tax shelter via deprecation for the new owner. Moreover, the subject property features a long-term transferrable manufacturer’s roof warranty, eliminating exposure to any landlord deferred maintenance costs for the foreseeable future. The subject property is strategically located less than a mile from the interchange of I-81 (40,000 vpd) and Susquehanna Blvd. (27,500 vpd) with combined traffic counts over 67,000+ V.P.D. Just north of this location I-81 connects with I-80, the main east/west corridor across Pennsylvania and a direct connection to New York City to the east. Susquehanna Boulevard is home to Penn State’s Hazleton satellite campus, the Hazelton Regional Airport and numerous national brand hotels such as Hampton Inn, Candlewood Suites, Fairfield Inn & Suites and Comfort Inn adding to the draw of this submarket and its regional accessibility. The average household income is over $72,000 within 1 mile of the site and the submarket features positive population growth in the 1, 3 and 5-mile radius of the subject property. This is an Ideal location for Chipotle, surrounded by countless national retailers including McDonald's, Lowe’s, Starbucks, AT&T, Panera Bread, Aldi, Sheetz, Dunham’s, Regal Cinema, Big Lots, Dollar Tree, Wendy’s, Denny’s, Dunkin, Perkins, Popeye’s, Taco Bell, Boscov’s, Planet Fitness and Michael’s to name a few. The closest Chipotle is over 25 miles away in Wilkes-Barre Township, is part of a multi-tenant strip center and does not have a drive-thru/pick up window.