Listed by Marcus & Millichap - New Jersey
$6,157,000
Chipotle | America's Best Contacts & Eyeglasses
Details
Property Type Retail
Sub Type Storefront
Square Footage 6,145
Net Rentable (SqFt) 6,145
Cap Rate 6.00%
NOI $369,396
Occupancy 100%
Tenancy Multi
Brand/Tenant Chipotle
Year Built 1979
Year Renovated 2008
Acreage 3.000
Ground Lease No
Retail | 6.00% CAP | 6,145 SqFt
Marketing description
Marcus & Millichap is pleased to exclusively present 81 NJ-4, Paramus, Bergen County, New Jersey.
Investment highlights
TENANT(S)
- Chipotle Mexican Grill (NYSE: CMG) Operates Over 4,000 Locations Globally With 3,900 Location Across 49 States
- America's Best Contacts & Eyeglasses is Operated by National Vision Holdings, Inc. (NASDAQ: EYE),
- America's Best, Headquartered in metro Atlanta has over 1,000 stores in 31 states
LEASE(S)
- Chipotle Operates Under a NNN Lease Structure and Has Occupied This Location for 17 Years
- Chipotle's Lease Term Expires 12/31/31 and Has Two 5 Year Options With 10% Rental Increases in Each Option
- America's Best Has Occupied This Location Since 2019
BUILDING
- The Subject Property is Comprised of Two Ground Floor Retail Condominium Units Totaling 6,145 Square Feet
LOCATION/ MARKET
- Tremendous Visibility on Route 4 with Nearly 150,000 Cars Per Day Passing The Property
- Outstanding Demographics With Over 580,000 People Within 5 Miles and Average Household Income Over $159,000 Within 1 Mile
Listing Contacts
Listed by Marcus & Millichap - New Jersey
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$369,396.00
$30,783.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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Property History
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