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Chipotle | Absolute Net Lease 3730 Patrick Way 2,325 SF Retail Building Elizabeth City, NC 27909 $2,912,000 ($1,252.47/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 2024 new construction | New 15-year lease
- Corporate guaranteed lease | Chipotle Mexican Grill, Inc. | 3,770 locations across North America & Europe
- Explosive population growth within a 1-mile radius | 82.58% from 2010-2025
- Absolute net lease | Zero landlord responsibilities
- Dominant retail corridor for the region
- Less than 5 minutes from new Sentara Albemarle Medical Center under construction | 88 beds & 60,000 SF
EXECUTIVE SUMMARY
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Chipotle in Elizabeth City, NC. We welcome your review of this attractive investment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,325 SF
Building Class
B
Year Built
2024
Price
$2,912,000
Price Per SF
$1,252.47
Cap Rate
5.50%
NOI
$160,175
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.76 AC
Zoning
Commercial
Parking
39 Spaces (16.77 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7993867609 | Improvements Assessment | $0 |
| Land Assessment | $195,100 | Total Assessment | $195,100 |
PROPERTY TAXES
Parcel Number
7993867609
Land Assessment
$195,100
Improvements Assessment
$0
Total Assessment
$195,100
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Chipotle | Absolute Net Lease | 3730 Patrick Way
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