Chipotle - Radford, VA | 7406 Lee Hwy
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Chipotle - Radford, VA 7406 Lee Hwy
2,742 SF Retail Building Radford, VA 24141 £1,908,629 (£696/SF) 5.25% Net Initial Yield
Investment Highlights
- Long-Term NNN Lease With 13 Years Remaining
- Strong Hedge Against Inflation With 10% Rent Increases Every Five (5) Years
- Chipotle is Ranked #450 on the Fortune 500 List; 2022 Net Income of $899 Million, an Increase of 37.70% Over 2021
- Pro-Forma CAP Rate of 5.75%, Based on Rent Increase in 3 Years
- Corporate Lease to Chipotle Mexican Grill Inc., the Leading Company in the Fast Casual Restaurant Space With a $57B Market Cap
- In Close Proximity to Kroger, Providing For Ample Foot Traffic and High Daily Traffic Counts
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,742 SF Chipotle Located at 7406 Lee Highway in Radford, VA. This Deal Includes 13+ Years Remaining on a NNN Lease, Providing For a Secure Investment.
In Cooperation With Sands Investment Group, Inc - Lic. # BoR: Tom Gorman - Lic. VA #0225269275
In Cooperation With Sands Investment Group, Inc - Lic. # BoR: Tom Gorman - Lic. VA #0225269275
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,742 SF
Building Class
C
Year Built
1980
Price
£1,908,629
Price Per SF
£696
Net Initial Yield
5.25%
NOI
£100,203
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
0.75 AC
Zoning
CM1
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Chipotle
- Accommodation and Food Services
- 2,742 SF
- -
- Triple Net
- Dec 2037
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Chipotle | Accommodation and Food Services | 2,742 SF | - | Triple Net | Dec 2037 |
PROPERTY TAXES
| Parcel Number | 13717 | Improvements Assessment | £501,883 |
| Land Assessment | £288,695 | Total Assessment | £790,578 |
PROPERTY TAXES
Parcel Number
13717
Land Assessment
£288,695
Improvements Assessment
£501,883
Total Assessment
£790,578
-
Jordan Mulloy -
Will Schuhmacher -
Max Freedman -
Thomas Gorman -
Sands Investment Group Austin, LLC
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Chipotle - Radford, VA | 7406 Lee Hwy
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