1003 Village Center Dr - Restaurant FOR SALE
Tarentum, PA 15084 |
$2,983,000 USD
216-264-2000
1003 Village Center Dr
Tarentum, PA 15084
HIGHLIGHTS
- New Construction Chipotle w/ Drive-thru 15-Year Double-Net Lease in the Pittsburgh, PA MSA
- Outparcel to Lowe’s (Top 14% Nationally) & Part of the Larger Village at Pittsburgh Mills Shopping Destination w/ 5.6 Million Annual Visitors (Top 10
- High Performing Chipotle Ranking Top 30% Nationally, Top 28% in Pennsylvania, and #3 Out of 11 Chipotles Within a 15-Mile Radius
- Minimal Landlord Responsibility – Roof/ Structure Only; Duro-Last PVC Roof w/ 20- Year “No Dollar Limit” Warranty
- Corporate Guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG) - $80 Billion Market Cap & $9.9 Billion Revenue (FY2023)
- Store Equipped w/ Mission-Critical “Chipotlane” Drive-Thru – Chipotle Reports Digital Orders (Pickup or Delivery) are Responsible for 37% of 2023 Sale
FOR SALE DETAILS
PRICE
$2,983,000 USD
PRICE/SF
$1,195 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chipotle | New Construction 15 Yr Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Freestanding, Storefront, Light Distribution
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.66 AC
LAND SF
28,750 SF
ZONING
-
APN/PARCEL ID
0728-D-00072-0000-00
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216-264-2000
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216-264-2000
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