4165 Buffalo Rd - Fast Food FOR SALE


Erie, PA 16510
$2,350,000 USD
404-441-3849
4165 Buffalo Rd, Erie, PA for Sale
$2,350,000 USD
Fast Food - FOR SALE
1/4
null | 4.25% Cap Rate

4165 Buffalo Rd
Erie, PA 16510


HIGHLIGHTS

  • Long-Term Lease with Corporate Guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG)
  • Only Chipotle Location in Erie with Drive-Thru Lane
  • Hard Corner Location at Signalized Intersection of Buffalo Road (14,177 VPD) & Nagle Road (10,916 VPD)
  • 4 Miles Northwest of Downtown Erie, PA (MSA Population: 269,011)
  • Surrounded by Over 3,700 Households within 1 Mile | Substantial Built-In Customer Base
  • 4.5 MSF Retail, 6.8 MSF Office, 9.5 MSF Industrial and 4,687 Multifamily Units within 5-Miles

OVERVIEW

The CBRE Net Lease Property Group is pleased to exclusively offer for sale the 2,325-square-foot freestanding Chipotle situated on approximately 0.68 acres in Erie, PA (MSA Population: 269,011) – the largest city in Northwestern Pennsylvania and county seat of Erie County. Constructed in 2021, Chipotle’s net lease features a corporate guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG).Out of the three Chipotle locations in Erie, the Buffalo Road store services the east side of Erie (the other two stores 10+ miles west) and is the only store of the three equipped with a drive-thru lane for customers to pickup orders made through Chipotle’s app or website

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$1,011 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle: Erie, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

18.11 AC

LAND SF

789,064 SF

ZONING

B1

APN/PARCEL ID

27-051-151.0-017.00

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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