Log In/Sign Up
Your email has been sent.
Chipotle | NNN | Drive-Thru Equipped 314 E Fairmount Ave 2,325 SF 4-Star Retail Building Lakewood, NY 14750 $3,570,835 CAD ($1,535.84 CAD/SF) 5.50% Cap Rate
Investment Highlights
- New 15-Year Lease | Options To Extend | 10% Rental Increases | Corporate Guaranty (NYSE: CMG) | 2025 Construction | Drive-Thru Equipped
- Outparcel To Chautauqua Mall | Dense Retail Corridor | Adjacent To Walmart-Anchored Center (3.3M Annual Visits)
- NNN Lease | Fee Simple Ownership
- Strong Frontage On E Fairmount Ave (17,000 VPD)
Executive Summary
SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased Chipotle investment property located in Lakewood, New York. The tenant recently executed a brand new 15-year lease with four (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every five years throughout the primary term and at the beginning of each option period, supporting NOI growth and providing a hedge against inflation. The lease is backed by a corporate guaranty from Chipotle Mexican Grill, Inc., a publicly traded company (NYSE: CMG) with over 4,000 locations. The property features brand new 2025 construction with the latest Chipotle prototype and a drive-thru layout. The NNN lease structure requires the tenant to reimburse for CAM, taxes, and insurance, including a proportionate share of CAM expenses for common areas shared with the adjacent tenant. For additional details regarding landlord and tenant responsibilities, please refer to page 7.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$3,570,835 CAD
Price Per SF
$1,535.84 CAD
Cap Rate
5.50%
NOI
$196,396 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.62 AC
Zoning
B2 - Highway Business
Parking
36 Spaces (15.48 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Drive Thru
- Monument Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 062201-386-009-0001-003-000-000A | Improvements Assessment | $1,057,468 CAD |
| Land Assessment | $192,192 CAD | Total Assessment | $1,249,660 CAD |
Property Taxes
Parcel Number
062201-386-009-0001-003-000-000A
Land Assessment
$192,192 CAD
Improvements Assessment
$1,057,468 CAD
Total Assessment
$1,249,660 CAD
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Chipotle | NNN | Drive-Thru Equipped | 314 E Fairmount Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.