Listed by SRS Real Estate Partners New York, SRS Real Estate Partners Newport Beach
$2,573,000
Chipotle
Details
APN 062201-386.09-1-3.6.1
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,325
Cap Rate 5.5%
NOI $141,500
Occupancy 100%
Tenancy Single
Brand/Tenant Chipotle
Lease Type NNN
Lease Term 15
Lease Expiration 12/30/2040
Remaining Term 14.5
Rent Bumps Yes
Lease Options 4 (5-Year)
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 1
Stories 1
Acreage 0.620
Zoning Highway Business (B2)
Parking Spaces 36 spaces
Parking per 1,000 SqFt 15.48
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/17/2025
Ownership Fee Simple
Retail | 5.50% CAP | 2,325 SqFt
Investment highlights
New 15-year lease with four (4) 5-year options to extend
10% rental increases every five years
Lease is backed by a corporate guaranty
Outparcel to Chautauqua Mall, a 435K+ SF regional mall featuring national brands like Old Navy, Ollie’s Bargain Outlet, and Planet Fitness
Adjacent to a Walmart Supercenter-anchored neighborhood center generating approximately 3.3 million annual visits, ranking in the top 6% among comparable centers nationwide
Listing Contacts
Listed by SRS Real Estate Partners New York, SRS Real Estate Partners Newport Beach
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$141,500.00
$11,791.67/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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