1655 Boston Rd - Retail FOR SALE


Springfield, MA 01129- Boston Road
$2,661,000 USD
617-239-3610
1655 Boston Rd, Springfield, MA for Sale
$2,661,000 USD
Retail - FOR SALE
1/7
null | 5.45% Cap Rate

1655 Boston Rd
Springfield, MA 01129
Boston Road


HIGHLIGHTS

  • Corporate lease from Chipotle Mexican Grill, Inc. with over 3,700+ locations and $11.9B in annual revenue
  • New long-term lease with approximately 9.5 years remaining, expiring December 31, 2035
  • Built-in rent growth with 10% escalations every 5 years and four extension options through 2055
  • Modern Chipotlane drive-thru prototype designed for digital ordering and throughput efficiency
  • Brand new 2025 construction minimizes exposure to near-term capital expenses
  • Strategically positioned along Boston Road generating approximately 17,200 vehicles per day

OVERVIEW

Unique opportunity to acquire an investment-grade, single-tenant net lease asset with corporate guarantee from Chipotle in a supply-constrained market. Features new 2025 construction with Chipotlane drive-thru, 10-year primary term with four 5-year renewals, and 10% rent escalations every 5 years through 2055.

FOR SALE DETAILS

PRICE

$2,661,000 USD

PRICE/SF

$1,145 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

B1

APN/PARCEL ID

SPRI-001655-000000-000405

ASK ABOUT THIS PROPERTY

Justin SmithAtlantic Capital PartnersMore Info
617-239-3610

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Justin SmithAtlantic Capital PartnersMore Info
617-239-3610

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