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Chipotle

Moosic, Pennsylvania

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NNN Pro Group is pleased to present the exclusive listing for a Chipotle located at 5 Radcliffe Drive, Moosic, Pennsylvania. The site consists of roughly 2,562 rentable square feet of building space on estimated 1.00-acre parcel of land. This Chipotle is subject to a 15-year double-net (NN) lease, which commenced September 1, 2022. The current annual rent is $126,562 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 2, 5-Year Options and 1, 4-Year and 11-month option.

About the Investment:

✓ Long-Term, 15-Year Double Net (NN) Lease
✓ Approximately 14.28 Years Remaining
✓ Corporate Guarantee
✓ Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
✓ Two (2), Five (5)-Year and One (1), Four (4)-Year & Eleven (11)-Month Tenant Renewal Options

Key Details

Price:
$2,365,645
Cap Rate:
5.35%
Annual Rent:
$126,562
Address:
5 Radcliffe Drive, Moosic, Pennsylvania 18507
Property Type:
Restaurant - Quick Service
Lease Type:
Double Net (NN)

Original Lease Term:
15 Years
Lease Commencement:
September 1, 2022
Lease Expiration:
August 31, 2037
Lease Term Remaining:
14.28 Years
Rental Increases:
10% Every 5 Years
Lot Size:
1 Acres
Building Size:
2,562 SF
Year Built:
2022
Tenant:
Chipotle

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Alexandre Marietto

License: 10401294047

Kyle Karsian

License: 10401321452

Broker of record

Brian Brockman

Bang Realty-Pennsylvania, Inc

License: RM432816


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