1025 W Landis Ave - Freestanding FOR SALE


Vineland, NJ 08360
$3,333,000 USD
973-632-1386
1025 W Landis Ave, Vineland, NJ for Sale
$3,333,000 USD
Freestanding - FOR SALE
1/12
null | 5.25% Cap Rate

1025 W Landis Ave
Vineland, NJ 08360


HIGHLIGHTS

  • Brand New 15-Year Lease | Corporate Guaranteed | Scheduled Rental Increases | Leading Fast-Casual Chain
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Fronting W. Landis Avenue | 2024 Construction | Chipotlane Concept | Chipotle - 2024 International Expansion
  • Chipotle - Q3 2023 Report Highlights | October 26, 2023

OVERVIEW

• The tenant recently signed a brand new 15-year lease with 4 (5-Year) options to extend, demonstrating their long-term commitment to the site • The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded (NYSE: CMG) and nationally recognized tenant with over 3,300 locations • 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$3,333,000 USD

PRICE/SF

$1,434 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle | New 15yr Corp NNN w/ Incrs | DrThr

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

B-4

APN/PARCEL ID

14-03503-0000-00009

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.