Chipotle 1245 Tazewell St 2,325 SF Retail Building Wytheville, VA 24382 $2,766,355 ($1,189.83/SF) 5.35% Cap Rate

Horvath & Tremblay is pleased to present the exclusive sale of a new construction, corporate leased Chipotle investment property located at 1245 Tazewell Street in Wytheville, Virginia (the “Property”). Chipotle has 14+ years remaining on their Lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option.
The Property occupies a highly visible and accessible location at 1245 Tazewell Street, seconds from US Route 21, one of Wytheville's primary commercial corridors. Situated just east of the highly trafficked interchange of Interstate 81 and Interstate 77, the site benefits from exceptional regional connectivity and exposure to a substantial volume of local, commuter, and long-distance interstate traffic. The surrounding trade area is anchored by a strong concentration of national retailers, hotels, restaurants, healthcare facilities, and service-oriented businesses, making it one of the region's premier retail destinations.
Major economic drivers include Wythe County Community Hospital, Wytheville Community College, Gatorade/PepsiCo, Pepsi Bottling Ventures, and numerous manufacturing and distribution employers that generate a stable daytime workforce. The property's proximity to the Bluefield College Wytheville campus, nearby schools, and the area's growing tourism industry further supports consistent customer demand throughout the day. With excellent visibility, convenient ingress and egress, a strategic location near one of the East Coast's most significant interstate crossroads, and a diverse mix of local residents, employees, travelers, and visitors, the Property is exceptionally well positioned for a high-volume quick-service restaurant.