2423 W Hundred Rd - Fast Food FOR SALE


Chester, VA 23831
$1,299,999 USD
310-909-2374
2423 W Hundred Rd, Chester, VA for Sale
$1,299,999 USD
Fast Food - FOR SALE
1/7
null | 5.94% Cap Rate

2423 W Hundred Rd
Chester, VA 23831


HIGHLIGHTS

  • Chipotle has been operating at this location for +10 years with a corporately guaranteed lease, which includes attractive rental increases of +12%
  • Located in the Bermuda Square Shopping Center, featuring anchors Hobby Lobby and Burlington. Out parcels Valvoline, Sleep Number, Aspen Dental
  • Chipotle is listed on the Fortune 500 and was featured on Fortune’s Most Admired Companies list in 2022.
  • Excellent visibility on the 6-lane West Hundred Rd, featuring multiple turn lanes for access from all directions, right-in/right-out & left-in access

OVERVIEW

The property is ideally situated in the Bermuda Square Shopping Center, a vibrant retail destination featuring well-known anchors such as Hobby Lobby and Burlington, along with out parcels like Little Caesars and Valvoline. Newcomers to the area, including Sleep Number, Raising Cane’s, and Aspen Dental, have recently opened in a new strip building along Richmond Highway. With prime visibility on West Hundred Road and close proximity to the I-95 interchange, which handles 124,000 vehicles per day, this location offers excellent traffic exposure. The surrounding area is home to a variety of national retailers, such as Lowe’s, Office Depot, and Starbucks, enhancing its commercial appeal. Chipotle Mexican Grill has been a prominent tenant at this site for over ten years, operating under a low-rent, corporately guaranteed lease that includes significant rental increases of over 12% in each renewal period. The company recently exercised its first 5-year renewal option, demonstrating its strong performance and commitment to the location. Listed on the Fortune 500 and featured on Fortune’s Most Admired Companies list, Chipotle continues to expand rapidly with over 3,000 locations across North America and international markets. Its focus on innovation, including advancements in digital ordering and sustainability, highlights its effective growth strategy and resilience in the market.

FOR SALE DETAILS

PRICE

$1,299,999 USD

PRICE/SF

$728 USD /SF

CAP RATE

5.94%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle | Corporate Guaranty | 5.94% CAP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C-5

APN/PARCEL ID

799-65-44-64-200-000

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
310-909-2374

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

Tyler BindiMarcus & MillichapMore Info
310-909-2374

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