Chipotle, Starbucks and Jersey Mikes Strip Center
Retail | 6.00% CAP | 6,580 SqFt
Investment highlights
The property features over 11 years of remaining weighted average lease term (WALT), with each tenant having 10% rent increases every 5 years
Fully occupied by three established national brands including two corporate guarantees from Chipotle and Starbucks
Chipotle signed a 15-year lease showing their commitment to the location
The building is equipped with a drive-thru for Starbucks
The stores rank well within their respective brands, with Jersey Mike’s in the 93rd percentile nationally and Starbucks in the 68th percentile, per Placer.ai (Chipotle opened too recently for reliable data)
At the signalized, hard corner intersection of W Pulteney St and S Buffalo St with a combined 19,900 vehicles passing daily
More than 23,900 residents ($106,473 AHHI) and 13,600 employees support the trade area
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