1701 E Centerton Blvd - Fast Food FOR SALE


Bentonville, AR 72712
$3,979,000 USD
415-481-0788
1701 E Centerton Blvd, Bentonville, AR for Sale
$3,979,000 USD
Fast Food - FOR SALE
1/5
null | 4.65% Cap Rate

1701 E Centerton Blvd
Bentonville, AR 72712


HIGHLIGHTS

  • New 20-year absolute NNN lease with 10% rental increases in initial term and option periods
  • Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
  • No landlord management, an ideal opportunity for passive investors
  • Chipotle is the only restaurant company of its size that owns and operates all its restaurants
  • Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies

OVERVIEW

High-Visibility Location: This Chipotle is prominently positioned along State Route 102/East Centerton Boulevard, Centerton’s primary east-west thoroughfare which experiences a high traffic count of 36,000 vehicles per day. The location features a prime setting with beneficial proximity to Walmart Home Office, Walmart’s new corporate headquarters (15,000 employees) and David Glass Technology Center, Walmart’s main technology hub (approx. 2,000 employees). The presence of Walmart’s tech hub has made Northwest Arkansas more appealing for other technology firms and startups, which boosts investment in the local tech ecosystem and fosters innovation in the region. As Walmart’s DGTC employees and collaborators move into the area, there’s been a corresponding rise in demand for local goods and services. Bentonville has seen a boom in real estate development, with both residential and commercial properties being built or renovated to meet the needs of the growing workforce. Bentonville High School (3,318 students), Bentonville West High School (2,418 students), and Grimsley Junior High School (867 students) are located within five miles from the restaurant, providing consistent foot traffic. Nearly 90,000 residents live within a five-mile radius of the subject property, while the average annual household income within a three-mile radius is over $139,000.

FOR SALE DETAILS

PRICE

$3,979,000 USD

PRICE/SF

$1,711 USD /SF

CAP RATE

4.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

-

APN/PARCEL ID

06-00001-119

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-481-0788

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

Michael YurasCushman & WakefieldMore Info
415-481-0788

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