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Restaurant

Chipotle Mexican Grill - New 15-Year Lease

5411 Perkiomen Ave, Reading, PA 19606

Listing Price: $2,727,000

Cap Rate
5.50%
Tenant Name
Chipotle
Years Remaining On Lease
14.5
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.

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

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Restaurant

Chipotle Mexican Grill - New 15-Year Lease

Listing Price: $2,727,000

Cap Rate
5.50%
Tenant Name
Chipotle
Years Remaining On Lease
14.5
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.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

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