Chipotle

543 Susquehanna Drive, Hazleton, PA 18202

$2,555,555

Cap Rate 4.50%

Views: 66 Updated: 11.09.23 Posted: 10.04.23 Status: Inactive

Summary

Price $2,555,555	Built/Renov 2022	Tenant Chipotle
Cap Rate 4.50%	Lease Type Double NN	Guarantor Corp Traded
Size/SF 2,325	Lease Start 09-09-2022	#Units 3,224
Price/SF $1,099.16	Expiration 10-01-2037	Tenant Type Fast Casual/Rest.
NOI $115,000	R. Term 12.10	Ownership Fee Simple
Rent/SF $49.46	Increases 4.4%/5/yrs	Pop 5Mi 51,783
Lot/AC 0.68	Options 3/5yrs/10%	AHHI 5Mi $60,938

Lease Highlights

New 2022 construction
Chipotle has 14 years remaining on the current lease term with 3 (5-year) options to extend
Lease features 4.35% increase in year 6 and a 10% increase in year 11 and at the start of each option
Long-term transferrable manufacturer's roof warranty included
Corporate guarantee by Chipotle Mexican Grill, Inc. (NYSE: CMG)

Location Description

Chipotle is strategically located less than a mile from the interchange of I-81 (40,000 VPD) and Susquehanna Blvd. (27,500 VPD) with combined traffic counts over 67,000+ VPD. Susquehanna Boulevard is home to Penn State’s Hazleton satellite campus, the Hazelton Regional Airport and numerous national brand hotels such as Hampton Inn, Candlewood Suites, Fairfield Inn & Suites and Comfort Inn...

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Key Features

New construction
New prototype
Near major nationals
Highway close
Major MSA
Brand new lease
Long 10+ yr lease
Over 2000 units backed
Corporate Guarantee
Publicly traded company

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Links

Chipotle Mexican Grill Wikipedia Chipotle Mexican GrillWikipedia Chipotle Mexican Grill Wikipedia Hazleton, Pennsylvania Zip Code 18202 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chipotle
Guarantor:Corp Traded
Company:Chipotle Mexican Grill, Inc.
# Units:3,224
Stock:NYSE: CMG

About Tenant

Chipotle Mexican Grill, Inc., (NYSE: CMG) often known simply as Chipotle, is an American chain of fast casual restaurants in the U.S., United Kingdom, Canada, Germany, and France, specializing in...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,265	37,929	54,618
2023 Total Population :	1,235	37,888	54,568
2023 Employed Civilian Pop :	456	17,329	25,194
2023 Total Businesses :	246	1,584	2,139
2023 Average Household Income :	$ 89,624	$ 67,067	$ 72,220
2023 Total Consumer Spending :	$ 35 M	$ 838 M	$ 1319 M
2023 Median Age :	52	41	43
2023 Total Households :	453	14,172	20,790
2023 Pop Age 25+: Bachelor's Degree :	125	2,918	4,605
2023 Average Home Value :	$ 241,616	$ 183,589	$ 199,929

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	W Hollywood Blvd	2021	12,832	0.40 mi
Airport Rd	T-385	2017	5,938	0.43 mi
	Valmont Industrial Park	2019	600	0.45 mi
Airport Rd	Moisey Dr	2015	11,000	0.48 mi
Jaycee Dr	Oscar Thomas Dr	2017	1,922	0.51 mi
Dessen Dr	Kiwanis Blvd	2019	2,774	0.53 mi
Susquehanna Boulevard	Dessen Dr	2020	11,404	0.53 mi
Kiwanis Boulevard	Valmont Industrial Park	2019	4,009	0.53 mi
Susquehanna Boulevard	Deer Run Rd	2020	10,690	0.54 mi
Jaycee Drive	Oscar Thomas Dr	2020	1,519	0.54 mi

Listing Broker

Michael Shover

CBRE: NLPG Philadelphia

Contact

62 Listings
9306 Views
25 Sold

Matthew Gorman

CBRE: NLPG Philadelphia

Contact

62 Listings
9306 Views
25 Sold

Michael Shover

Michael Shover joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Shortly after, Michael was inducted into CBRE’s exclusive Net Lease Property Group, leading and specializing in the Mid-Atlantic area. The Net Lease Property Group comprises of a team of senior advisors located within major metropolitan areas throughout the United States who are dedicated to transacting single-tenant assets and net-l

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Matthew Gorman

Matthew Gorman joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Matthew and his team's primary goal is to execute for their clients at the highest level by representing their best interests professionally, honestly and with integrity in all aspects of the marketing and sales process. Shortly after joining CBRE, Matthew was inducted into the exclusive Net Lease Property Group, leading the Philadel

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