1805 Frederick Blvd - Fast Food FOR SALE
Portsmouth, VA 23707 |
1805 Frederick Blvd
Portsmouth, VA 23707
HIGHLIGHTS
- New 15-Year Absolute NNN Lease with 10% Rental Increases Every 5 Years
- Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
- Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies
- High-quality 2023 construction featuring the latest Chipotle prototype with a dedicated Chipotlane drive-thru
- Signalized, hard corner location with excellent visibility and access from Frederick Blvd & Turnpike Rd, with a combined traffic count of 48,000 VPD
- Highly accessible location situated just off Interstate 264, which receives over 67,000 vehicles per day
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Chipotle
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
2400
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
0189-0320
