2004 S Main St - Fast Food FOR SALE


Farmville, VA 23901
$3,113,208 USD
202-847-4200
2004 S Main St, Farmville, VA for Sale
$3,113,208 USD
Fast Food - FOR SALE
1/2
null | 5.3% Cap Rate

2004 S Main St
Farmville, VA 23901


HIGHLIGHTS

  • Rare NNN 15-Year Lease
  • Attractive Rent Increases
  • University Town
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a new construction, corporate leased Chipotle investment property located at 2004 S Main Street in Farmville, Virginia (the “Property”). Chipotle is currently under construction with an anticipated rent commencement date of April 30, 2026. Chipotle executed a 15-year Absolute NNN 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 new construction Chipotle is well-located along S Main Street (US Highway 15 Business), the area’s primary commercial and commuter corridor. The Property is positioned in the heart of a large commercial cluster and is surrounded by national and local retailers and restaurants, and several nationally branded hotels, all of which drive traffic to the area and provide a built-in customer base. The Property offers convenient access to Prince Edward Highway (US Highway 460) and US Route 15, as well as to Longwood University, Centra Southside Community Hospital, and area schools.

FOR SALE DETAILS

PRICE

$3,113,208 USD

PRICE/SF

$1,339 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

-

APN/PARCEL ID

037-8-1

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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