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Chipotle | New Construction 15 Yr Lease 1003 Village Center Dr

2,496 SF Retail Building Tarentum, PA 15084 £2,353,587 (£943/SF) 5.25% Net Initial Yield

Investment Highlights

  • New Construction Chipotle w/ Drive-thru 15-Year Double-Net Lease in the Pittsburgh, PA MSA
  • High Performing Chipotle Ranking Top 30% Nationally, Top 28% in Pennsylvania, and #3 Out of 11 Chipotles Within a 15-Mile Radius
  • Corporate Guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG) - $80 Billion Market Cap & $9.9 Billion Revenue (FY2023)
  • Outparcel to Lowe’s (Top 14% Nationally) & Part of the Larger Village at Pittsburgh Mills Shopping Destination w/ 5.6 Million Annual Visitors (Top 10
  • Minimal Landlord Responsibility – Roof/ Structure Only; Duro-Last PVC Roof w/ 20- Year “No Dollar Limit” Warranty
  • Store Equipped w/ Mission-Critical “Chipotlane” Drive-Thru – Chipotle Reports Digital Orders (Pickup or Delivery) are Responsible for 37% of 2023 Sale

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,496 SF
Year Built
2023
Price
£2,353,587
Price Per SF
£943
Net Initial Yield
5.25%
NOI
£123,576
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.66 AC

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Chipotle
  • -
  • 99,999 SF
  • -
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease End
Chipotle - 99,999 SF - Jan 0000
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1003 Village Center Dr, Tarentum, PA - aerial map view

Nearby Major Retailers

ALDI
Olive Garden Italian Rstrnt
Five Guys
Red Robin
Smokey Bones BBQ & Grill
Starbucks
PNC Bank
Chili's
Longhorn Steakhouse
Woodforest National Bank

PROPERTY TAXES

Parcel Number 0728-D-00072-0000-00 Improvements Assessment £388,290
Land Assessment £211,249 Total Assessment £599,539

PROPERTY TAXES

Parcel Number
0728-D-00072-0000-00
Land Assessment
£211,249
Improvements Assessment
£388,290
Total Assessment
£599,539
(216) 264-2000

  • Listing ID: 32045693

  • Date on Market: 06/06/2024

  • Last Updated:

  • Address: 1003 Village Center Dr, Tarentum, PA 15084

The Retail Property at 1003 Village Center Dr, Tarentum, PA 15084 is currently available For Sale. Contact Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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1003 Village Center Dr, Tarentum, PA for sale Primary Photo- Image 1 of 3
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1003 Village Center Dr, Tarentum, PA for sale Aerial- Image 2 of 3
Chipotle - Tarentum aerial

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© 2024 CoStar Group

Chipotle | New Construction 15 Yr Lease | 1003 Village Center Dr
(216) 264-2000 x

Chipotle | New Construction 15 Yr Lease | 1003 Village Center Dr

1/2

Scott Wiles

(216) 264-2000

(216) 264-2000

Craig Fuller

(216) 264-2043

(216) 264-2043

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