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545 N State Rt 17
Paramus, NJ 07652
Chipotle · Retail Property For Sale
Investment Highlights
- Features a corporate-backed NNN lease to Chipotle Mexican Grill, a Fortune 500 leader in fast-casual dining
- Tenant fully reimburses landlord for common area maintenance, delivering a low-management investment for passive ownership
- Chipotle’s operational control over all 3,700+ locations and $11 billion in 2024 revenue highlight its stability and growth potential
- Includes 10% rental increases every five years throughout the primary term and option periods, providing reliable, inflation-resistant income growth
- Store Sales at this location are significantly higher than Chipotle’s national average unit volume
- Ideal opportunity for a 1031 exchange buyer
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
B
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.15 AC
Zoning
C - Commercial
Parking
74 Spaces (30.83 Spaces per 1,000 SF Leased)
Frontage
88’ on State Route 17
Amenities
- Drive Thru
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