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Chipotle & solidcore | Prime Location 697 Morris Tpke 4,000 SF 100% Leased Retail Building Springfield, NJ 07081 $5,842,000 ($1,460.50/SF) 5% Cap Rate



Investment Highlights
- Corporate-Guaranteed Leases | Long-Term Stability | Strong Embedded Rent Growth | Percentage Rent Upside
- Prime Location | Shadow Anchored by Wawa and Shoprite | Dense Retail Corridor | High Traffic Exposure
- #1 MSA in the U.S. | Top-Tier New Jersey Location | Exceptional Demographics
Executive Summary
• Both tenants—Chipotle and Solidcore—operate under corporate guaranteed leases, providing strong credit backing and income security
Property Facts
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
[solidcore] vision is a world where [solidcore] is the foundational routine for every active person seeking growth. If they are successful, [solidcore] will live not among the brand names, but rather, among the various approaches to fitness at large: cardio, Pilates, yoga, [solidcore]. Taking their place as a true category of one, they will be the well-balanced foundation for every active, growth-minded person’s goals – fitness and otherwise—the launching pad for everything else they seek to do and achieve in life. Their mission is to challenge members to seek their strongest self, through the world’s most transformative workout.
Chipotle Mexican Grill began in 1993 when Steve Ells opened a restaurant in Denver, Colorado. The company focuses on burritos, tacos, bowls, and salads made with fresh ingredients. Customers can customize their orders while watching the food preparation. Chipotle operates thousands of locations internationally and emphasizes using real food without artificial additives. The chain has grown substantially since its founding and remains a major player in the fast-casual dining industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Arts, Entertainment, and Recreation | 99,999 SF | - | - | Jan 0000 | |
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-00501-0000-00003 | Improvements Assessment | $844,800 |
| Land Assessment | $883,200 | Total Assessment | $1,728,000 |
Property Taxes
Presented by
Chipotle & solidcore | Prime Location | 697 Morris Tpke
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