1245 Tazewell St - Fast Food FOR SALE


Wytheville, VA 24382
$2,766,355 USD
202-448-1716
1245 Tazewell St, Wytheville, VA for Sale
$2,766,355 USD
Fast Food - FOR SALE
1/6
null | 5.35% Cap Rate

1245 Tazewell St
Wytheville, VA 24382


HIGHLIGHTS

  • New Construction - Long Term Lease
  • Attractive Rent Increases
  • Dynamic Corporate Tenant
  • Minimal Landlord Responsibilities
  • Strategic Retail Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a new construction, corporate leased Chipotle investment property located at 1245 Tazewell Street in Wytheville, Virginia (the “Property”). Chipotle has 14+ years remaining on their Lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option. The Property occupies a highly visible and accessible location at 1245 Tazewell Street, seconds from US Route 21, one of Wytheville's primary commercial corridors. Situated just east of the highly trafficked interchange of Interstate 81 and Interstate 77, the site benefits from exceptional regional connectivity and exposure to a substantial volume of local, commuter, and long-distance interstate traffic. The surrounding trade area is anchored by a strong concentration of national retailers, hotels, restaurants, healthcare facilities, and service-oriented businesses, making it one of the region's premier retail destinations. Major economic drivers include Wythe County Community Hospital, Wytheville Community College, Gatorade/PepsiCo, Pepsi Bottling Ventures, and numerous manufacturing and distribution employers that generate a stable daytime workforce. The property's proximity to the Bluefield College Wytheville campus, nearby schools, and the area's growing tourism industry further supports consistent customer demand throughout the day. With excellent visibility, convenient ingress and egress, a strategic location near one of the East Coast's most significant interstate crossroads, and a diverse mix of local residents, employees, travelers, and visitors, the Property is exceptionally well positioned for a high-volume quick-service restaurant.

FOR SALE DETAILS

PRICE

$2,766,355 USD

PRICE/SF

$1,190 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

None

APN/PARCEL ID

041A-087-0000-0002

ASK ABOUT THIS PROPERTY

Austin SmithHorvath & TremblayMore Info
202-448-1716

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Austin SmithHorvath & TremblayMore Info
202-448-1716

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.