Listed by HMX Realty Advisors
$4,900,000
Chipotle, Jersey Mike's and Wayback Burgers
Details
Property Type Retail
Sub Type Restaurant
Square Footage 5,300
Cap Rate 5.5%
NOI $269,500
Occupancy 100%
Tenancy Multi
Brand/Tenant Chipotle, jersey mikes
Lease Type NNN
Lease Term 15.1
Lease Expiration 10/31/2038
Remaining Term 12.4
Rent Bumps Yes
Broker Co-Op Yes
Year Built 2024
Acreage 2.000
Investment Type Net Lease
Tenant Credit Credit Rated, Franchisee
Lease Commencement 10/01/2023
Sale Condition 1031 exchange
Chipotle, Jersey Mike's and Wayback Burgers
Investment highlights
Newly constructed building
Located in desirable Fairfield County, CT
At Signalized intersection on very busy road with over 26,000 cars per day
Strong retail corridor with Stop & Shop, Big Y, McDonald’s and Panera among many others
Short drive to Bridgeport, the most populated city in the state
Average Household Income within a 3-mile radius exceeds $165,000
All 3 tenants have rental increases providing hedge against inflation and rising interest rates
Listing Contacts
Listed by HMX Realty Advisors
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$269,500.00
$22,458.33/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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