249 Highway 33 | Mercerville, NJ 08619
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249 Highway 33
Mercerville, NJ 08619
Chipotle | Mercerville NJ · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The lease is corporately guaranteed by Chipotle Mexican Grill(NYSE: CMG), the US’s #1 fast-casual Mexican restaurant
- Chipotle signed a 15-year NNN lease with 3 x 5yr options to renew and landlord responsibilities limited to roof and structure
- The new construction subject property features a 15-year transferable manufacturer’s roof warranty
- Subject property is currently under construction and will feature Chipotle's “Chipotlane”
- The Subject Property’s lease includes 10% rental increases every 5 years in the base term of the lease and in each option period
- Chipotle is located with excellent visibility at the signalized corner of White Horse Avenue and Route 33 (combined 32,000+ VPD)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.46 AC
Zoning
N/Av, Hamilton Twp
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 03-01799-0000-00004 | Improvements Assessment | $0 |
| Land Assessment | $254,800 | Total Assessment | $254,800 |
PROPERTY TAXES
Parcel Number
03-01799-0000-00004
Land Assessment
$254,800
Improvements Assessment
$0
Total Assessment
$254,800
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