1805 Frederick Blvd | Portsmouth, VA 23707
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- LoopNet Team
1805 Frederick Blvd
Portsmouth, VA 23707
Chipotle · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 15-Year Absolute NNN Lease with 10% Rental Increases Every 5 Years
- Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies
- Signalized, hard corner location with excellent visibility and access from Frederick Blvd & Turnpike Rd, with a combined traffic count of 48,000 VPD
- Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
- High-quality 2023 construction featuring the latest Chipotle prototype with a dedicated Chipotlane drive-thru
- Highly accessible location situated just off Interstate 264, which receives over 67,000 vehicles per day
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.96 AC
Zoning
GMU - General Mixed Use
Parking
41 Spaces (17.08 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0189-0321 | Improvements Assessment | $1,528,796 |
| Land Assessment | $899,930 | Total Assessment | $2,428,726 |
PROPERTY TAXES
Parcel Number
0189-0321
Land Assessment
$899,930
Improvements Assessment
$1,528,796
Total Assessment
$2,428,726
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