545 N State Rt 17 - Fast Food FOR SALE
Paramus, NJ 07652 |
545 N State Rt 17
Paramus, NJ 07652
HIGHLIGHTS
- Features a corporate-backed NNN lease to Chipotle Mexican Grill, a Fortune 500 leader in fast-casual dining
- Includes 10% rental increases every five years throughout the primary term and option periods, providing reliable, inflation-resistant income growth
- Tenant fully reimburses landlord for common area maintenance, delivering a low-management investment for passive ownership
- Store Sales at this location are significantly higher than Chipotle’s national average unit volume
- Chipotle’s operational control over all 3,700+ locations and $11 billion in 2024 revenue highlight its stability and growth potential
- Ideal opportunity for a 1031 exchange buyer
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Chipotle
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
2400
STORIES
1
YEAR BUILT
2020
SPRINKLERS
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PARKING SPACES
74
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
46-05103-0000-00001-02
