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Off Market
1/4

975 Norland Ave
Chambersburg, PA 17201


HIGHLIGHTS

  • Corporate Chipotle Mexican Grill, Inc (NYSE: CMG)
  • Triple net lease with recent long term extension
  • At a 400,000 +/- sf Target, Giant Food and Kohls anchored center
  • Major destination shopping hub
  • At on/off ramp to I-81

OVERVIEW

HMX Realty Advisors exclusively presents for sale this Chipotle which recently extended their lease in April of 2020.? Chipotle has been open at this location since 2013 (original 10-year lease term) and has extended the lease until 2033 affirming their commitment to this successful location. This Chipotle is located at Chambersburg Crossing, a 400,000 +/- square foot regional shopping center strategically located directly off Interstate 81 at the intersection of Norland Avenue and Walker Road in Chambersburg, PA. The center is anchored by Target, the second-largest discount retailer in the U.?S.? and Giant Food.? It is co-anchored by some of the nation’s most powerful destination retailers including Kohl's, Michaels, Staples and PetSmart.? In addition to Chipotle, the center also boasts a strong line-up of destination restaurants including Friday’s, Red Robin, Subway, Panera Bread, and recently added a new Mod Pizza.? The center benefits from extensive visibility and easy regional access from I-81 where over 42,000 vehicles pass the center daily.? Combined with a strong trade area of over 53,000 people with an average household income over $73,000 living within five miles of the property and approximately 90,700 people living within a 10 minute drive, Chambersburg Crossing is advantageously positioned as Chambersburg’s primary regional shopping center.?

FOR SALE DETAILS

PRICE

-

CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

2169

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

03-1C00-189-000000