Listed by Caliber Commercial Brokerage, SRS Real Estate Partners New York
$2,460,000
Chipotle | Lakewood, NY
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,325
Cap Rate 5.75%
Occupancy 100%
Tenancy Single
Brand/Tenant Chipotle
Lease Type NNN
Lease Term 15
Lease Expiration 02/12/2041
Remaining Term 14.7
Rent Bumps Yes
Lease Options 4 (5-year)
Pro-Forma Cap Rate 5.75%
Pro-Forma NOI $141,500
Price per SqFt $1,058
Year Built 2025
Acreage 0.620
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/12/2026
Occupancy Date 02/12/2026
Ground Lease No
Brand New 15-Year Lease | 10% Increases Every 5 Years | Corporate Guaranty
Marketing description
- Chipotle Mexican Grill signed a new 15-year corporate lease at this freestanding location.
- Lease includes 10% rent bumps every five years for long-term NOI growth.
- Backed by corporate guaranty from Chipotle Mexican Grill, Inc.
- Tenant handles taxes, insurance, and maintenance.
- Ideal for passive, long-term investors.
- Signalized hard corner with strong visibility along Fairmount Ave.
- Outparcel to Chautauqua Mall, anchored by major national retailers.
- Draws regional traffic from Lakewood, Jamestown, and surrounding areas.
- Solid income levels and homeownership in the immediate area.
- Strong customer base for both dine-in and Chipotlane service.
- Concentrated residential base supports steady demand.
Listing Contacts
Listed by Caliber Commercial Brokerage, SRS Real Estate Partners New York
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Zoning
B-2.1 SpecialAuto Sales
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View all 1 uses Last updated Mar 16, 2026 For deeper zoning details, reports are available at Zoneomics
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