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Chipotle 2004 S Main St 2,325 SF Retail Building Farmville, VA 23901 $3,113,208 ($1,339.01/SF) 5.30% Cap Rate


INVESTMENT HIGHLIGHTS
- Rare NNN 15-Year Lease
- University Town
- Attractive Rent Increases
- Strategic Retail Location
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive sale of a new construction, corporate leased Chipotle investment property located at 2004 S Main Street in Farmville, Virginia (the “Property”). Chipotle is currently under construction with an anticipated rent commencement date of April 30, 2026. Chipotle executed a 15-year Absolute NNN 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 new construction Chipotle is well-located along S Main Street (US Highway 15 Business), the area’s primary commercial and commuter corridor. The Property is positioned in the heart of a large commercial cluster and is surrounded by national and local retailers and restaurants, and several nationally branded hotels, all of which drive traffic to the area and provide a built-in customer base. The Property offers convenient access to Prince Edward Highway (US Highway 460) and US Route 15, as well as to Longwood University, Centra Southside Community Hospital, and area schools.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,113,208
Price Per SF
$1,339.01
Cap Rate
5.30%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.01 AC
AMENITIES
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 037-8-1 | Improvements Assessment | $108,700 |
| Land Assessment | $350,200 | Total Assessment | $458,900 |
PROPERTY TAXES
Parcel Number
037-8-1
Land Assessment
$350,200
Improvements Assessment
$108,700
Total Assessment
$458,900
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Chipotle | 2004 S Main St
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