7406 Lee Hwy - Fast Food FOR SALE
Radford, VA 24141 |
7406 Lee Hwy
Radford, VA 24141
HIGHLIGHTS
- Long-Term NNN Lease With 13 Years Remaining
- Pro-Forma CAP Rate of 5.75%, Based on Rent Increase in 3 Years
- Strong Hedge Against Inflation With 10% Rent Increases Every Five (5) Years
- Corporate Lease to Chipotle Mexican Grill Inc., the Leading Company in the Fast Casual Restaurant Space With a $57B Market Cap
- Chipotle is Ranked #450 on the Fortune 500 List; 2022 Net Income of $899 Million, an Increase of 37.70% Over 2021
- In Close Proximity to Kroger, Providing For Ample Foot Traffic and High Daily Traffic Counts
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Chipotle - Radford, VA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant, Storefront Retail/Office
TOTAL BUILDING SIZE
2742
STORIES
1
YEAR BUILT
1980
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
13717
