Chipotle | Serving University of Scranton | 5 Radcliffe Dr
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Chipotle | Serving University of Scranton 5 Radcliffe Dr
2,562 SF Retail Building Moosic, PA 18507 £1,804,143 (£704/SF) 5.50% Net Initial Yield
Investment Highlights
- Closest Chipotle Serving the University of Scranton – Less than 5 Miles Away
- 13 Years Remain on NNN Lease
- Attractive 10% Rental Increases Every 5 Years
- New 2022 Construction with Rare “Chipotlane” Drive Thru
- Corporate Guarantee from Publicly Traded Company with over 3,600 Current Locations
- Located in a Dense Retail Corridor and Across the Street from Shops at Montage Mountain, a Major Lifestyle Center and Adjacent to Cinemark Montage Mtn
Executive Summary
Graystone Capital Advisors has been exclusively engaged to present for sale the fee-simple interest in a single-tenant Chipotle in Scranton, Pennsylvania. The site was newly constructed in 2022 and comprises of a 2,562 square foot building on a 1 Acre parcel. This location features a rare “Chipotlane” Drive Thru that the Chipotle has stated boosts sales by 10-15%.
13 Years remain on a NNN lease with landlord responsibilities limited to roof and structure. There is a Corporate Guarantee from the publicly traded tenant who currently has over 3,600 locations with plans to grow to over 7,000 in North America alone. Additionally, the lease features attractive 10% rental increases every five years in both base term and option periods.
This Chipotle is the closest location to the University of Scranton, located only five miles away and has a student population of nearly 5,000 and over 1,000 faculty members. The site also benefits from being positioned in a dense retail corridor just off of Interstate 81 and across the street from the Shops at Montage Mountain, a premier lifestyle shopping center with high end retailers. Adjacent to the site in Cinemark at Montage Mountain and numerous hotels accommodating the surrounding tourist community and University guests, such as Comfort Suites, Hampton Inn & Suites, Courtyard by Marriott, TownePlace Suites, Springhill Suites, Fairfield Inn & Suites.
Directly behind the site is PNC Field, a minor league baseball stadium home to the Scranton/Wilkes Barre Rail Riders, which seats up to 10,000 guests. Approximately 3.25 Miles southwest is the Scranton/Wilkes International Airport which serves a half million passengers annual.
Further fueling the local economy is Montage Mountain, a renowned Ski & Waterpark resort with over 140 skiable areas and 26 trails. Glenmaura National Golf Course is also less than one mile away.
Scranton is the largest city in Northeastern Pennsylvania. There are 140,473 people living in the immediate 5-Mile Radius from the Subject providing a stable consumer base for Chipotle with an total consumer spending of $1.1 Billion.
•Property Features Rare “Chipotlane,” A Drive Thru Dedicated to Digital Orders
•Chipotle Reports Restaurants with “Chipotlanes” have Sales 10% to 15% Higher than those Without
•On November 21st, 2024 Chipotle Opened its 1000th Restaurant with a “Chipotlane” marking over 3,600 Total Locations
•Steady Growth Strategy with 315 to 345 Restaurants Slated to Open in 2025
•Long Term Growth Strategy Includes Reaching 7,000 Restaurants in North America
•Developing Future Talent is Paramount to Chipotle’s Sustainability, Providing Transparent Career Progression from Crew Member to the highest General Manager Position in as Little as three and a half years.
•In 2023, there were 24,000 Intenral Promotions Including 90% of its Restaurant Management Roles and 87% of Field Leader Positioners.
•Fortune 500 Company & Recognized on Fortune’s Most Admired Companies 2024 List
13 Years remain on a NNN lease with landlord responsibilities limited to roof and structure. There is a Corporate Guarantee from the publicly traded tenant who currently has over 3,600 locations with plans to grow to over 7,000 in North America alone. Additionally, the lease features attractive 10% rental increases every five years in both base term and option periods.
This Chipotle is the closest location to the University of Scranton, located only five miles away and has a student population of nearly 5,000 and over 1,000 faculty members. The site also benefits from being positioned in a dense retail corridor just off of Interstate 81 and across the street from the Shops at Montage Mountain, a premier lifestyle shopping center with high end retailers. Adjacent to the site in Cinemark at Montage Mountain and numerous hotels accommodating the surrounding tourist community and University guests, such as Comfort Suites, Hampton Inn & Suites, Courtyard by Marriott, TownePlace Suites, Springhill Suites, Fairfield Inn & Suites.
Directly behind the site is PNC Field, a minor league baseball stadium home to the Scranton/Wilkes Barre Rail Riders, which seats up to 10,000 guests. Approximately 3.25 Miles southwest is the Scranton/Wilkes International Airport which serves a half million passengers annual.
Further fueling the local economy is Montage Mountain, a renowned Ski & Waterpark resort with over 140 skiable areas and 26 trails. Glenmaura National Golf Course is also less than one mile away.
Scranton is the largest city in Northeastern Pennsylvania. There are 140,473 people living in the immediate 5-Mile Radius from the Subject providing a stable consumer base for Chipotle with an total consumer spending of $1.1 Billion.
•Property Features Rare “Chipotlane,” A Drive Thru Dedicated to Digital Orders
•Chipotle Reports Restaurants with “Chipotlanes” have Sales 10% to 15% Higher than those Without
•On November 21st, 2024 Chipotle Opened its 1000th Restaurant with a “Chipotlane” marking over 3,600 Total Locations
•Steady Growth Strategy with 315 to 345 Restaurants Slated to Open in 2025
•Long Term Growth Strategy Includes Reaching 7,000 Restaurants in North America
•Developing Future Talent is Paramount to Chipotle’s Sustainability, Providing Transparent Career Progression from Crew Member to the highest General Manager Position in as Little as three and a half years.
•In 2023, there were 24,000 Intenral Promotions Including 90% of its Restaurant Management Roles and 87% of Field Leader Positioners.
•Fortune 500 Company & Recognized on Fortune’s Most Admired Companies 2024 List
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,562 SF
Building Class
B
Year Built
2022
Price
£1,804,143
Price Per SF
£704
Net Initial Yield
5.50%
NOI
£99,276
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
0.99 AC
Parking
32 Spaces (12.49 Spaces per 1,000 SF Leased)
Frontage
140 ft on Radcliffe Drive
Amenities
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £54,909 | |
| Land Assessment | £56,816 | Total Assessment | £111,724 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£56,816
Improvements Assessment
£54,909
Total Assessment
£111,724
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Shannon Bona -
Julius Swolsky -
Brenton Baskin -
Graystone Capital Advisors
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Chipotle | Serving University of Scranton | 5 Radcliffe Dr
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