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413 Pinnacle Pkwy
Bristol, TN 37620
Chipotle Bristol TN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- “Chipotlane” Concept
- Tennessee “No Income Tax” State
- Interstate 81 Lifestyle Center
EXECUTIVE SUMMARY
Chipotle Corporate Backed of the “Chipotlane” Concept, (15) Year Initial Lease, 10% Rent Increases every (5) Years, and Four (5) Year Options. This a Fee Simple 4,132 SF Building on a 1.41-acre lot that rent commencement May 2022. Landlord responsible for Shopping Center CAM estimated $4,044 annually.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,132 SF
Building Class
B
Year Built
2016
Price
$3,072,757
Price Per SF
$743.65
Cap Rate
4.75%
NOI
$145,956
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.41 AC
Zoning
Commercial
Parking
85 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
174’ on Pinnacle Parkway
AMENITIES
- Restaurant
- Drive Thru
PROPERTY TAXES
| Parcel Number | 019-192.70 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $817,960 |
PROPERTY TAXES
Parcel Number
019-192.70
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$817,960
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