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Investment Highlights

  • BEST-IN-CLASS FAST CASUAL TENANT
  • PRIMARY RETAIL & COMMUTER CORRIDOR
  • DOMINANT QUICK-SERVICE TRADE AREA POSITIONING

Executive Summary

NEW CONSTRUCTION | 15-YEAR CORPORATE NNN LEASE
- Brand new Chipotle with a full 15-year base term and zero landlord responsibilities, delivering long duration, passive income.
BEST-IN-CLASS FAST CASUAL TENANT
- Chipotle (NYSE: CMG) operates 3,700+ locations and remains one of the strongest and most consistent performers in the fast-casual segment
COLLEGE-DRIVEN DEMAND | CONSISTENT TRAFFIC BASE
- Located in Lexington, home to Washington and Lee University and Virginia Military Institute (4,000+combined students), generating daily demand from students, faculty, and visiting families
DOMINANT QUICK-SERVICE TRADE AREA POSITIONING
- One of the few modern drive-thru fast casual offerings in the immediate trade area, positioning Chipotle to capture outsized market share in a limited-competition environment
DRIVE-THRU (“CHIPOTLANE”) PROTOTYPE
- Modern format designed for digital ordering and throughput efficiency — a key driver of strong unit volumes and long-term relevance
PRIMARY RETAIL & COMMUTER CORRIDOR
- Positioned near the intersection of E. Nelson Street and Lee Highway (11,900 VPD), serving as a key retail node with regional connectivity via I-81 and I-6

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,829 SF
Building Class
C
Year Built
2026
Price
$4,848,340 CAD
Price Per SF
$1,713.80 CAD
Cap Rate
5%
NOI
$242,417 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
C2

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Chipotle
  • -
  • 2,829 SF
  • -
  • Aug 2041
Tenant Industry SF Occupied Rent/SF Lease End
Chipotle - 2,829 SF - Aug 2041
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

Anytime Fitness
Kroger
City National Bank
Truist
Cook Out
Food Lion
Wells Fargo Home Mortgage
CrossFit

Property Taxes

Property Taxes

Parcel Number
30 1 13
Land Assessment
$567,949 CAD
Improvements Assessment
$1,020,292 CAD
Total Assessment
$1,588,242 CAD
  • Listing ID: 39915076

  • Date on Market: 2026-03-26

  • Last Updated:

  • Address: 100 Walker St, Lexington, VA 24450

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