Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners New York
$3,895,000
Chipotle (Raleigh-Durham MSA)
Details
APN 154187
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,763
Cap Rate 4.75%
NOI $185,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chipotle
Lease Type Absolute NNN
Lease Term 16
Lease Expiration 10/31/2041
Remaining Term 15.4
Rent Bumps Yes
Lease Options 4 (5-Year)
Price per SqFt $1,410
Class A
Year Built 1991
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.770
Zoning Commercial
Parking Spaces 37 spaces
Parking Per SqFt 13.39
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 11/01/2025
Ownership Fee Simple (Land & Building Ownership)
Retail | 4.75% CAP | 2,763 SqFt
Investment highlights
- Brand New 16-Year Lease | Options To Extend | Scheduled Rental Increases | Drive-Thru Equipped
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- I-40 (173,000 VPD) | Retail Corridor |Strong National/Credit Tenant Presence
- Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners New York
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$185,000.00
$15,416.67/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
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