5700 Route 42
Turnersville, NJ 08012
Retail Property For Sale

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single-tenant property leased to Chipotle, (the “Property”)in Turnersville, New Jersey, part of Washington Township and located just 20 miles southeast of Philadelphia. Chipotle is expected to open in October 2025 and operates under a newly established 15-year lease, with 10% rental increases every five years. The lease is backed by a corporate guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG). The brand-new Chipotle features a drive-thru “Chipotlane” for quick and efficient customer access. The current Landlord will be adding a new roof to the property prior to rent commencement. The property benefits from excellent visibility along NJ-42, a major thoroughfare boasting over 79,300 VPD. Additionally, the property is seconds away from the start of the Atlantic City Expressway, which boasts 47,800 VPD and runs directly to Atlantic City. Turnersville is situated 20 miles southeast of Philadelphia and contained within the Philadelphia MSA; the 8th largest metro area in the country that is home to a population of over 6.25 million people. The 5-mile area surrounding the Property exhibits excellent demographics with a population of over 183,000 and 71,000 households. Additionally, the average household income within that same area sits at $122,000.
Chipotle is a leading fast casual restaurant chain with more than 3,700 locations and over 130,000 employees, which together serve over 1 million customers daily. As of Q4 2024, Chipotle’s total revenue was $2.8 billion, an increase of 13.0% compared to Q4 2023. In the same period, Chipotle opened 119 new company-owned restaurants, of which 95 included a Chipotlane, and one international licensed restaurant. For the full year 2024, total revenues increased 14.6% to $11.3 billion and the company opened 304 company-owned restaurants with 257 locations including a Chipotlane and three international licensed restaurants.
15 YEAR LEASE FEATURING RENTAL INCREASES & CORPORATE GUARANTY – Chipotle operates under a newly established 15-year lease, with 10% rental increases every five years. The lease is backed by a corporate guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG).
NEW CHIPOTLE FEATURING DRIVE-THRU (CHIPOTLANE) – Chipotle is expected to open in October 2025 and features a drive-thru “Chipotlane”.
NEW ROOF & LIMITED LANDLORD RESPONSIBILITY – The Landlord's responsibilities are limited to the roof and structure, with a new roof currently being installed.
PRIME LOCATION – The property benefits from excellent visibility along NJ-42, a major thoroughfare boasting over 79,300 VPD. Additionally, the property is seconds away from the start of the Atlantic City Expressway, which boasts 47,800 VPD and runs directly to Atlantic City.
PHILADELPHIA MSA – Turnersville is situated 20 miles southeast of Philadelphia and contained within the Philadelphia MSA; the 8th largest metro area in the country which is home to a population of nearly 6.25 million people.
DENSELY POPULATED, AFFLUENT AREA – The 5-mile area surrounding the Property exhibits excellent demographics with a population of over 183,000 and over 70,000 households. Additionally, the average household income within that same area sits at over $121,000.
STRONG FAST CASUAL TENANT – Chipotle is a leading fast casual restaurant chain with more than 3,700 locations and over 130,000 employees, which together serve over 1 million customers daily. For the full year 2024, total revenues increased 14.6% to $11.3 billion and Chipotle opened 304 company owned restaurants with 257 locations including a Chipotlane and three international licensed restaurants.
BUSTLING RETAIL CORRIDOR – The property is surrounded by a host of nearby, national retailers along NJ-42 (79,300 VPD) such as: Target, Walmart Supercenter, Lowe’s Home Improvement, Aldi, CVS Pharmacy, Kohl’s, Ashley, Five Below, PetSmart, Esporta Fitness, Harbor Freight Tools, Sherwin-Williams, Dollar Tree, Firestone, Caliber Collision, Meineke, Monro Tire, Jiffy Lube, T-Mobile, McDonald’s, Starbucks, Dunkin’, Chick-Fil-A, Popeyes, and Arby’s demonstrating the strength of the retail corridor.
In cooperation with: Rose Commercial, Adam Rose (License #: 8832599)