Lucky's Market - Tallahassee, FL
US - Tallahassee, FL
NZ$19,864,000 | 5,079 m²
Asset Description
JLL is pleased to offer the fee-simple interest in a single-tenant Chipotle in Gainesville, VA, a high-growth suburb of Washington D.C. The site is ideally situated at the entrance to Prince William County’s premier shopping center, anchored by Target, Giant Food, and Lowe’s. Virginia Gateway is the second most trafficked shopping center in all of Virginia, seeing over 8.2M annual visitors. The NNN lease features a corporate guaranty from Chipotle, with over 12 years of term remaining, offering a long-term lease structure from an industry-leading tenant.
...
Attributes
Asking Price
NZ$7,221,000
Building area Gross
198 m²
Occupancy
100.00%
Year built
2008
Cap Rate
4.25%
NOI
NZ$307,000
Media
Investment Highlights
- Corporate guaranty from Chipotle
- Over 12 years of term remaining on the NNN lease
- Early 10-year extension by Chipotle, demonstrating a commitment to the location
- Ideally situated at the entrance to Virginia's second most visited shopping center
- Virginia Gateway is anchored by a Super Target, Giant Foods, and Lowe's
- Top ranking Chipotle - the most visited in the region
- Off-highway location featuring nearly 77,000 VPD
- Elite surrounding household income - over $165,000
Contact brokers
Chipotle - Gainesville, VA (0 Properties)
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
30 Nov 2022
