loader
Join Free
Views: 71 DOM: 422 Updated: 03.14.24 Posted: 03.22.23 Status: Active

Summary

Price $1,789,000
Built/Renov 2022
Tenant Chipotle Mexican Grill
Cap Rate 5.70%
Lease Type Double NN
Guarantor Corp Traded
Size/SF 2,325
Lease Start 06-01-2022
#Units 3,437
Price/SF $769.46
Expiration 06-01-2032
Tenant Type Fast Casual/Rest.
NOI $102,000
R. Term 8.0
Ownership Fee Simple
Rent/SF $43.87
Increases 10.0%/4/yrs
Pop 5Mi 26,897
Lot/AC 0.64
Options 4/5yrs/10%
AHHI 5Mi $72,510

Lease Highlights

  • New 2022 construction
  • Chipotle recently signed a brand new 10 year lease with with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at each option period
  • Corporate guarantee by Chipotle Mexican Grill, Inc. (NYSE: CMG)

Location Description

This newly constructed Chipotle is located near the signalized, hard corner intersection of Veeders Mill and NY-30 with access to over 17,000 vehicles per day. The site benefits from significant street frontage promoting excellent visibility and access for customers. The tenant is surrounded by multiple shopping centers including Sanford Farms (200,000 SF), Amsterdam Commons (50,000 SF), and...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Chipotle Mexican Grill, Inc., or “Chipotle”, is an American chain of fast-casual restaurants in the U.S., United Kingdom, Canada, Germany, and France. The Fortune 500 company...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 12,706 22,044 26,904
2023 Total Population : 12,623 22,102 27,048
2023 Employed Civilian Pop : 5,064 9,306 11,755
2023 Total Businesses : 386 799 934
2023 Average Household Income : $ 61,074 $ 70,712 $ 76,788
2023 Total Consumer Spending : $ 283 M $ 573 M $ 763 M
2023 Median Age : 36 41 42
2023 Total Households : 5,225 9,187 11,282
2023 Pop Age 25+: Bachelor's Degree : 875 2,016 2,641
2023 Average Home Value : $ 144,450 $ 161,196 $ 171,384
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
High Street Church St 2021 418 0.08 mi
Church St State Rte 67 2019 7,944 0.10 mi
Church St Guy PkAve 2000 21,800 0.11 mi
State Highway 67 Hwy 67 2021 7,289 0.12 mi
NY 30 Shuler St 2021 13,329 0.12 mi
Locust Ave 2021 3,960 0.13 mi
Garden Pl 2021 1,520 0.13 mi
State Highway 5 Pearl St 2021 9,264 0.13 mi
Prospect Street 2018 4,386 0.13 mi
Church Street Hwy 67 2018 22,740 0.14 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity