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Chipotle Mexican Grill - Gardner, MA 346 Timpany Blvd 2,325 SF Retail Building Gardner, MA 01440 $2,791,840 CAD ($1,200.79 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-new 2024 construction with drive-thru – 10-year corporate lease with 10+ years remaining
- Corporate guarantee – Chipotle Mexican Grill, Inc. – over 3,800 locations across 6 countries
- Pandemic, recession & e-commerce resistant tenant – nationally recognized category leader
- Attractive 10% rental increases every 5 years – a reliable hedge against inflation
- Highly accessible price point – low rent relative to Chipotle averages, ideal for 1031 exchange buyers
- Destination retail setting – outparcel to ALDI, Tractor Supply Co., Five Below, and Dollar Tree–anchored shopping center
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the singletenant Chipotle Mexican Grill investment property located at 346 Timpany Blvd, Gardner, MA. The property features brand new 2024 construction, including a drive-thru with a new 10-year lease. With 10% rental increases every 5 years, this investment provides a hedge against inflation throughout the term of the lease with a corporate guarantee. Chipotle currently has over 3,800 locations in 6 countries and continues to grow. As a pad to an ALDI, Tractor Supply, Five Below, and Dollar Tree anchored shopping center, the asset benefits from being situated in a destination location. Priced at only $2,000,000, this asset is ideal for a 1031 exchange buyer. With a highway adjacent location on a main retail arterial in the trade area, this asset offers a long-term passive investment opportunity with a strong guarantee and a growing income stream for a new owner.
In Cooperation With Sands Investment Group Massachusetts, LLC - Lic. #424071-RE-LC BoR: Tom Gorman - Lic. MA #1000609-RB
In Cooperation With Sands Investment Group Massachusetts, LLC - Lic. #424071-RE-LC BoR: Tom Gorman - Lic. MA #1000609-RB
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
B
Year Built
2024
Price
$2,791,840 CAD
Price Per SF
$1,200.79 CAD
Cap Rate
5.25%
NOI
$146,572 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.54 AC
Zoning
C - Commercial
Parking
280 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
116’ on 364 Timpany Blvd
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Chipotle Mexican Grill
- Accommodation and Food Services
- 2,325 SF
- $63.04 CAD
- Double Net
- Dec 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Chipotle Mexican Grill | Accommodation and Food Services | 2,325 SF | $63.04 CAD | Double Net | Dec 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | GARD-000017R-000021-000009 | Improvements Assessment | $15,885,876 CAD |
| Land Assessment | $2,104,025 CAD | Total Assessment | $17,989,901 CAD |
PROPERTY TAXES
Parcel Number
GARD-000017R-000021-000009
Land Assessment
$2,104,025 CAD
Improvements Assessment
$15,885,876 CAD
Total Assessment
$17,989,901 CAD
CONTACTS
-
Daniel Hoogesteger -
Mitchell Fenske -
Dan Coyle -
Thomas Gorman -
Sands Investment Group
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Chipotle Mexican Grill - Gardner, MA | 346 Timpany Blvd
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