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New Construction Chipotle - Saratoga Springs 12 Ballston Ave 2,343 SF Retail Building Saratoga Springs, NY 12866 $3,600,000 ($1,536.49/SF) 5.55% Cap Rate
Investment Highlights
- Premier Saratoga Springs Location, over 7,000 students across colleges and secondary schools within a 5-mile radius
- New long-term lease. Corporate Guaranty from Chipotle Mexican Grill, Inc
- UNMATCHED ACCESS TO YEAR-ROUND ECONOMIC AND TOURISM DRIVERS
- Unmatched access to year-round economic and tourism drivers
- CORPORATE GUARANTY FROM CHIPOTLE MEXICAN GRILL, INC.
- ATTRACTIVE RENTAL INCREASES THROUGHOUT LEASE TERM
Executive Summary
Atlantic Capital Partners is pleased to exclusively present a premier net lease opportunity, a newly constructed Chipotle Mexican Grill located at 12 Ballston Ave, in Saratoga Springs, NY. This 2,343 square foot building offers investors the chance to acquire a brand-new, corporate-backed asset in one of the most dynamic and historically rich markets in the Northeast. Saratoga Springs is widely recognized as the horse racing capital of the Northeast and one of the region’s most visited destinations. The city pulls over one million annual visitors to the iconic Saratoga Racing Course, home to The Travers, one of the oldest and most prestigious racing events in the country. The area also features the Oklahoma Training Track and National Museum of Racing & Hall of Fame, cementing its status as a cornerstone of American horse racing. Just minutes from this property, the Saratoga Casino attracts an additional 1.5 million
annual visitors, contributing to the city’s year-round
tourism and economic activity.
The property is ideally positioned along Ballston
Avenue, a major retail corridor that connects directly
to downtown Saratoga Springs. The area benefits from
high visibility, robust traffic counts, and strong retail
presence. Additionally, the site is located just 8 minutes
(1.5 miles) from Skidmore College, a highly regarded
liberal arts school with approximately 2,500 students.
annual visitors, contributing to the city’s year-round
tourism and economic activity.
The property is ideally positioned along Ballston
Avenue, a major retail corridor that connects directly
to downtown Saratoga Springs. The area benefits from
high visibility, robust traffic counts, and strong retail
presence. Additionally, the site is located just 8 minutes
(1.5 miles) from Skidmore College, a highly regarded
liberal arts school with approximately 2,500 students.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,343 SF
Building Class
C
Year Built
2025
Price
$3,600,000
Price Per SF
$1,536.49
Cap Rate
5.55%
NOI
$199,875
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.32 AC
Zoning
C3 - Commercial
Parking
30 Spaces (12.8 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Chipotle
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Chipotle | - | - | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 411501-165-083-0001-003-000-0000 | Improvements Assessment | $178,800 |
| Land Assessment | $306,000 | Total Assessment | $484,800 |
Property Taxes
Parcel Number
411501-165-083-0001-003-000-0000
Land Assessment
$306,000
Improvements Assessment
$178,800
Total Assessment
$484,800
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New Construction Chipotle - Saratoga Springs | 12 Ballston Ave
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