1710 Market Ln - Fast Food FOR SALE


Norfolk, NE 68701
$2,906,000 USD
614-202-9235
1710 Market Ln, Norfolk, NE for Sale
$2,906,000 USD
Fast Food - FOR SALE
1/5
null | 5.4% Cap Rate

1710 Market Ln
Norfolk, NE 68701


HIGHLIGHTS

  • Brand New 15-Year Corporate Lease with Chipotle (NYSE: CMG)
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • High-Quality 2025 Construction with a "Chipotlane" Drive-Thru
  • Only Chipotle within 80 Miles
  • Chipotle Locations with a "Chipotlane" Generate 10 Percent More in Sales Than Traditional Chipotle Restaurants
  • Outparcel to Sunset Plaza Mall and Surrounded by National Retailers: Walmart, Menards, Target, Hy-Vee Grocery Store, and More

OVERVIEW

Chipotle Mexican Grill, Inc. (NYSE: CMG) is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, known for its large burritos, assembly-line production, and use of natural ingredients. Norfolk is a city in northeast Nebraska, in Madison County, Nebraska, located in the Elkhorn River Valley. It lies at the intersection of U.S. Highways 81 and 275 and Nebraska Highways 24 and 35.

FOR SALE DETAILS

PRICE

$2,906,000 USD

PRICE/SF

$1,250 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle Drive-Thru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

C-3

APN/PARCEL ID

590304046

ASK ABOUT THIS PROPERTY

Brennan CleggMarcus & MillichapMore Info
614-202-9235

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Brennan CleggMarcus & MillichapMore Info
614-202-9235

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