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Restaurant

Five Guys, Chipotle & Jersey Mike's | Opened August 2024

1180 N Ctr Ave, Somerset, PA 15501

Listing Price: $4,175,000

Cap Rate
6.25%
Tenant Name
Five Guys, Chipotle & Jersey Mike's
Years Remaining On Lease
9.6
Guarantor
Corporate Guarantee
Rentable SF
6,939
Lease Type
Double Net
Rent Per Square Feet
$37.88

Investment Overview

The subject property is a retail pad leased to three tenants under double-net leases: Five Guys, Chipotle, and Jersey Mike's. All three stores opened in August 2024. The property is strategically located just north of Interstate 76, a major east-west highway spanning 435 miles from Akron, Ohio to Bellmawr, New Jersey.

Somerset has experienced significant growth in the past six months. Notably, Ponfeigh Distillery, one of Pennsylvania's largest distilleries, recently opened in Somerset County. Tidal Wave Auto Spa has launched its inaugural Pennsylvania location adjacent to the subject property, and nearby, Somerset Trust Co. has acquired Georgian Place for its upcoming headquarters.

Investment Highlights

  • Opened in August 2024
  • Corporate Leases with Five Guys, Jersey Mike's and Chipotle
  • New Build-to-Suit Construction in 2024
  • Chipotle Drive-Thru Lane

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Restaurant

Five Guys, Chipotle & Jersey Mike's | Opened August 2024

Listing Price: $4,175,000

Cap Rate
6.25%
Tenant Name
Five Guys, Chipotle & Jersey Mike's
Years Remaining On Lease
9.6
Guarantor
Corporate Guarantee
Rentable SF
6,939
Lease Type
Double Net
Rent Per Square Feet
$37.88

Investment Highlights

  • Opened in August 2024
  • Corporate Leases with Five Guys, Jersey Mike's and Chipotle
  • New Build-to-Suit Construction in 2024
  • Chipotle Drive-Thru Lane

Investment Overview

The subject property is a retail pad leased to three tenants under double-net leases: Five Guys, Chipotle, and Jersey Mike's. All three stores opened in August 2024. The property is strategically located just north of Interstate 76, a major east-west highway spanning 435 miles from Akron, Ohio to Bellmawr, New Jersey. Somerset has experienced significant growth in the past six months. Notably, Ponfeigh Distillery, one of Pennsylvania's largest distilleries, recently opened in Somerset County. Tidal Wave Auto Spa has launched its inaugural Pennsylvania location adjacent to the subject property, and nearby, Somerset Trust Co. has acquired Georgian Place for its upcoming headquarters.

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

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