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Chipotle 314 E Fairmount Ave 2,325 SF 4-Star Retail Building Lakewood, NY 14750 $3,464,534 CAD ($1,490.12 CAD/SF) 5.65% Cap Rate
Investment Highlights
- Chipotle signed a long-term 15-year corporate lease.
- New construction featuring Chipotle's current prototype.
- High visibility outparcel on Fairmont Avenue.
- Features scheduled rent increases of 10% every 5 years.
- Includes a 'Chipotlane' drive-thru to maximize customer capacity.
- Located in a primary retail corridor.
Executive Summary
New Construction: High quality construction featuring Chipotle’s current prototype which includes a “Chipotlane” drive-thru, engineered to maximize the amount of customers served and drive higher unit volumes.
High Visibility Outparcel: Fairmont Ave. (17,000 VPD) is the primary retail corridor in the trade area, providing excellent visibility for the site. Chatauqua Mall, a 435,000 SF indoor mall, anchors the site with Walmart Supercenter acting as the shadow anchor next door. Additional national retailers in the immediate area include Target, Wegmans, and The Home Depot.
Vibrant Tourism Destination: Lakewood and the surrounding areas are a popular tourist destination in the summer featured around Chautauqua Lake. The area hosts between 100,000 - 140,000 visitors each year and Chipotle is strategically located in the center of the main retail corridor for the trade area.
Southwestern Central School District: The local school district’s consolidated campus is a 5 minute drive from Chipotle and has over 1,350 students with 240 faculty members, providing a built in customer base along with the local residents.
Property Facts
Amenities
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Chipotle Mexican Grill began in 1993 as a fast-casual restaurant chain built around burritos and tacos, and the business has grown into a broader Mexican-inspired menu that also includes bowls, quesadillas, and salads. Chipotle Mexican Grill owns and operates restaurants and supports digital ordering, delivery or pickup, catering, group ordering, rewards, and other guest-facing services through its consumer channels. Chipotle Mexican Grill's purpose centers on cultivating a better world, with values tied to real ingredients, responsible sourcing, and an employee culture built around respect and inclusion. The company continues to expand its restaurant footprint, and digital sales remain a meaningful part of revenue.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Accommodation and Food Services | - | - | - |
Nearby Major Retailers
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Chipotle | 314 E Fairmount Ave
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