Restaurant
Chipotle Mexican Grill - New 15-Year Lease
5411 Perkiomen Ave, Reading, PA 19606
Listing Price: $2,912,000
Cap Rate
5.15%
Tenant Name
Chipotle
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
3,150
Lease Type
Double Net
Rent Per Square Feet
$47.62
Investment Overview
Marcus & Millichap is pleased to present 5411 Perkiomen Avenue, Reading, Berks County, Pennsylvania.
Broker of Record
-
Timothy B. Stephenson Jr.
Associate Regional Manager
Listing Price: $2,912,000
Cap Rate
5.15%
Tenant Name
Chipotle
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
3,150
Lease Type
Double Net
Rent Per Square Feet
$47.62
Investment Highlights
- 15-Year Initial Term Lease with 10% Rent Increases Every Five Years
- Minimal Landlord Responsibility – Roof and Structure Only (Brand New Roof)
- Three-Five Year Renewal Options
Investment Overview
Marcus & Millichap is pleased to present 5411 Perkiomen Avenue, Reading, Berks County, Pennsylvania.
Broker of Record
-
Timothy B. Stephenson Jr.
Associate Regional Manager
