Restaurant
Chipotle | New Construction 15 Yr Lease | Premier Location | Pittsburgh MSA
1003 Village Center Dr, Tarentum, PA 15084
Listing Price: $2,848,000
Investment Overview
New Construction Chipotle with Drive-thru 15-Year Double-Net Lease in the Pittsburgh, PA MSA.2023-Built Prototypical 2,496-Square-Foot Restaurant Building on 0.66-Acre Outparcel Lot; Has Outdoor Seating Area . Store Equipped with Mission-Critical “Chipotlane” Drive-Thru – Chipotle Reports Digital Orders (Pickup
or Delivery) are Responsible for 37 Percent of 2023 SalesOutparcel to Lowe’s (Top 14 Percent Nationally) and Part of the Larger Village at Pittsburgh Mills Shopping Destination with 5.6 Million Annual Visitors (Top 10 in MSA). Shadowed by Walmart Supercenter (2.1 Million Annual Visits), Sam’s Club (1.3 Million Annual Visits), Aldi, Ross, PetSmart, Michaels, Macy’s, Dick’s Sporting Goods, and More. Located Just off Route 28 Exit Ramps with 49,730 Vehicles Per Day.
Chipotle | New Construction 15 Yr Lease | Premier Location | Pittsburgh MSA
Investment Highlights
- New Construction Chipotle w/ Drive-thru 15-Year Double-Net Lease in the Pittsburgh, PA MSA
- Rent Commenced September 2023; 14.1 Years of Term Remaining
- Outparcel to Lowe's (Top 14 Percent Nationally) and Part of the Larger Village at Pittsburgh Mills Shopping Destination with 5.6 Million Annual Visitors (Top 10 in MSA)
- High Performing Chipotle Ranking Top 30 Percent Nationally, Top 28 Percent in Pennsylvania, and #3 Out of 11 Chipotles Within a 15-Mile Radius
- 10 Percent Rent Increases Every Five Years of Initial Term & Options
- Minimal Landlord Responsibility – Roof/ Structure Only; Duro-Last PVC Roof with 20-Year "No Dollar Limit" Warranty
- Corporate Guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG) - $80 Billion Market Cap & $9.9 Billion Revenue (FY2023)
- Store Equipped with Mission-Critical "Chipotlane" Drive-Thru – Chipotle Reports Digital Orders (Pickup or Delivery) are Responsible for 37 Percent of 2023 Sales
Broker of Record
Financing By
Restaurant
Chipotle | New Construction 15 Yr Lease | Premier Location | Pittsburgh MSA
Listing Price: $2,848,000
Investment Highlights
- New Construction Chipotle w/ Drive-thru 15-Year Double-Net Lease in the Pittsburgh, PA MSA
- Rent Commenced September 2023; 14.1 Years of Term Remaining
- Outparcel to Lowe's (Top 14 Percent Nationally) and Part of the Larger Village at Pittsburgh Mills Shopping Destination with 5.6 Million Annual Visitors (Top 10 in MSA)
- High Performing Chipotle Ranking Top 30 Percent Nationally, Top 28 Percent in Pennsylvania, and #3 Out of 11 Chipotles Within a 15-Mile Radius
- 10 Percent Rent Increases Every Five Years of Initial Term & Options
- Minimal Landlord Responsibility – Roof/ Structure Only; Duro-Last PVC Roof with 20-Year "No Dollar Limit" Warranty
- Corporate Guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG) - $80 Billion Market Cap & $9.9 Billion Revenue (FY2023)
- Store Equipped with Mission-Critical "Chipotlane" Drive-Thru – Chipotle Reports Digital Orders (Pickup or Delivery) are Responsible for 37 Percent of 2023 Sales
Investment Overview
New Construction Chipotle with Drive-thru 15-Year Double-Net Lease in the Pittsburgh, PA MSA.2023-Built Prototypical 2,496-Square-Foot Restaurant Building on 0.66-Acre Outparcel Lot; Has Outdoor Seating Area . Store Equipped with Mission-Critical “Chipotlane” Drive-Thru – Chipotle Reports Digital Orders (Pickup or Delivery) are Responsible for 37 Percent of 2023 SalesOutparcel to Lowe’s (Top 14 Percent Nationally) and Part of the Larger Village at Pittsburgh Mills Shopping Destination with 5.6 Million Annual Visitors (Top 10 in MSA). Shadowed by Walmart Supercenter (2.1 Million Annual Visits), Sam’s Club (1.3 Million Annual Visits), Aldi, Ross, PetSmart, Michaels, Macy’s, Dick’s Sporting Goods, and More. Located Just off Route 28 Exit Ramps with 49,730 Vehicles Per Day.
Broker of Record
Financing By
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