Chipotle – Absolute NNN – 7 Yrs Remaining

Agent Info

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

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Offering Information

1424 E. North Avenue
Belton, MO 64012

  • Price: $1,916,000
  • Cap. Rate: 4.75%
  • NOI: $91,012
  • Building Size: 2,665SF
  • Lot Size: AC

Investment Highlights

  • 7 Years Remaining on a Lease with Increases
  • Absolute NNN Lease - Zero Landlord Responsibilities
  • Tenant Has Occupied the Site Since 2012
  • Depreciable Asset with Rental Increases in Current Term & Options
  • Property Equipped with a CBS Billboard Expiring on 12/23/2023
  • Strong High Image Tenant
  • (5) Five-Year Renewal Options Remaining
  • The Property is Located in a Strong Retail Corridor with Tenants Includ-ing Target, Lowe’s, Home Depot, McDonalds, Kohl’s and Many More
  • Located on E. North Avenue which Exceeds 33,000 VPD
  • 5 Mile Population Surrounding the Investment Property Exceeds 61,000
  • Average Household Income Exceeds $63,000 within One Mile
  • Located in Close Proximity of Interstate 49/71 Which Exceeds 54,000 VPD, and Interstate 470/435 Which Exceeds 109,000 VPD