Chipotle 545 N State Rt 17

This Chipotle is a top-performing location with an exceptional sales history and was the first location in Paramus to feature the double drive-thru "Chipotlane". During FY2022, annual sales surpassed $3.8M and as of June 30, 2024 total sales (TTM) were $4,144,838 - representing an impressive 6% rent to sales ratio. Additionally, over the past 12 months, this location had approximately 217.3K visits, ranking it among the Top 10% most visited Chipotles in the U.S. (Source: Placer.ai)
The Property features the only double drive-thru Chipotlane in Paramus and is strategically situated as an outparcel to a high-performing, Hobby Lobby/Marshalls anchored center featuring 100% occupancy. The site benefits from direct visibility to more than 136,350 vehicles per day along NJ-17 and over the past 12 months, the shopping center had approximately 1.1 million visits which ranks in the Top 15% of all power centers in New Jersey as well as nationwide. Additional tenants include Skechers, Blue Pearl, and Ashley Home Store.
The Property is ideally positioned along NJ-17, a primary retail corridor with 6.4M SF of existing retail within two (2) miles of the site. Westfield Garden State Plaza, Bergen Town Center, and Paramus Park are major shopping destinations attracting over 27 million shoppers to the area over the past 12 months. (Source: Placer.ai) Additionally, the Paramus Planning Board recently approved the first phase of a major redevelopment to transform Garden State Plaza by bringing a hotel, medical offices, a transit center and nearly 1,400 apartments and senior housing units to the property. Elsewhere, Bergen Town Center won approval to add 456 apartments with ground-level retail.