4020 Bridgeport Way W | University Place, WA 98466
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- LoopNet Team
4020 Bridgeport Way W
University Place, WA 98466
Chipotle · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 15-year build-to-suit lease with “Chipotlane” pick-up window concept.
- NNN lease structure with 10% rent increases every five years.
- Increased daily draw provided by nearby Safeway and Trader Joe’s and brand new Habit Burger to open later this year.
- Anticipated grand opening to occur in December 2022.
- Located with frontage on a highly-trafficked dailyneeds retail corridor exposed to traffic counts of 29,000 VPD.
- Strong brand recognition supported by a publicly traded company (NYSE: CMG) with nearly 3,000 locations in the U.S.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
C
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.67 AC
Zoning
TC
Parking
20 Spaces (8.95 Spaces per 1,000 SF Leased)
Frontage
430’ on Bridgeport Way
PROPERTY TAXES
| Parcel Number | 400508-0010 | Improvements Assessment | $723,100 |
| Land Assessment | $660,000 | Total Assessment | $1,383,100 |
PROPERTY TAXES
Parcel Number
400508-0010
Land Assessment
$660,000
Improvements Assessment
$723,100
Total Assessment
$1,383,100
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