7406 Lee Hwy - Fast Food FOR SALE
Radford, VA 24141 |
$2,419,048 USD
512-768-0380
7406 Lee Hwy
Radford, VA 24141
HIGHLIGHTS
- Long-Term NNN Lease With 13 Years Remaining
- Pro-Forma CAP Rate of 5.75%, Based on Rent Increase in 3 Years
- Strong Hedge Against Inflation With 10% Rent Increases Every Five (5) Years
- Corporate Lease to Chipotle Mexican Grill Inc., the Leading Company in the Fast Casual Restaurant Space With a $57B Market Cap
- Chipotle is Ranked #450 on the Fortune 500 List; 2022 Net Income of $899 Million, an Increase of 37.70% Over 2021
- In Close Proximity to Kroger, Providing For Ample Foot Traffic and High Daily Traffic Counts
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,742 SF Chipotle Located at 7406 Lee Highway in Radford, VA. This Deal Includes 13+ Years Remaining on a NNN Lease, Providing For a Secure Investment.
In Cooperation With Sands Investment Group, Inc - Lic. # BoR: Tom Gorman - Lic. VA #0225269275
FOR SALE DETAILS
PRICE
$2,419,048 USD
PRICE/SF
$882 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chipotle - Radford, VA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.75 AC
LAND SF
32,670 SF
ZONING
CM1
APN/PARCEL ID
13717
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512-768-0380
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512-768-0380
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