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Restaurant

Chipotle

1955 E 3rd St, Williamsport, PA 17701

Listing Price: $2,739,022

Cap Rate
4.40%
Tenant Name
Chipotle
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
2,325
Lease Type
Double Net
Rent Per Square Feet
$51.84

Investment Overview

» Desirable Trade Area | 54K+ residents within 5-miles and $69K in Average Household Income » Expanding Economy | Consumer Spending expected to Increase by 9% in the Next 5 Years » College Town | Pennsylvania College of Technology (4.5K+ Students) & Lycoming College (1K+ Students) within 3-miles » Commercial Corridor | 1-mile from T.J. Maxx Plaza Shopping Mall & Loyal Plaza including a plethora of national tenants » Economic Drivers | UPMC Williamsport Hospital within 2.5-miles (220+ Beds)

Investment Highlights

  • Pad Site to Top Performing Grocery Anchored Shopping Center by # of Visits | T.J. Maxx (Top 3% in PA), Giant (Top 30% in U.S.), Aldi (Top 10% in U.S.), and Rite Aid (#1 within a 15-mile Radius)
  • Attractive Rental Increases | 10% Base Rent Increase every 5-Years, including renewal options
  • Long Term Commitment | Tenants Has15+ Years Remaining with Three (3) Options to Extend
  • Strong Corporate Guaranty & Real Estate Fundamentals | Newly Built in 2022 with 2,300+ SF Space on almost 0.5 acres

Exclusively Listed By

Financing By

Listing Price: $2,739,022

Cap Rate
4.40%
Tenant Name
Chipotle
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
2,325
Lease Type
Double Net
Rent Per Square Feet
$51.84

Investment Highlights

  • Pad Site to Top Performing Grocery Anchored Shopping Center by # of Visits | T.J. Maxx (Top 3% in PA), Giant (Top 30% in U.S.), Aldi (Top 10% in U.S.), and Rite Aid (#1 within a 15-mile Radius)
  • Attractive Rental Increases | 10% Base Rent Increase every 5-Years, including renewal options
  • Long Term Commitment | Tenants Has15+ Years Remaining with Three (3) Options to Extend
  • Strong Corporate Guaranty & Real Estate Fundamentals | Newly Built in 2022 with 2,300+ SF Space on almost 0.5 acres

Investment Overview

» Desirable Trade Area | 54K+ residents within 5-miles and $69K in Average Household Income » Expanding Economy | Consumer Spending expected to Increase by 9% in the Next 5 Years » College Town | Pennsylvania College of Technology (4.5K+ Students) & Lycoming College (1K+ Students) within 3-miles » Commercial Corridor | 1-mile from T.J. Maxx Plaza Shopping Mall & Loyal Plaza including a plethora of national tenants » Economic Drivers | UPMC Williamsport Hospital within 2.5-miles (220+ Beds)

Exclusively Listed By

Financing By

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