Chipotle | Radford, VA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,742 SF Chipotle NNN Asset Located at 7406 Lee Highway in Radford, VA. This Deal Includes 13+ Years Remaining on a NNN Lease, Providing For a Secure Investment.
- Long-Term NNN Lease With 13 Years Remaining
- Pro-Forma CAP Rate of 5.75%, Based on Rent Increase in 3 Years
- Strong Hedge Against Inflation With 10% Rent Increases Every Five (5) Years
- Corporate Lease to Chipotle Mexican Grill Inc., the Leading Company in the Fast Casual Restaurant Space With a $57B Market Cap (NYSE: CMG)
- Chipotle is Ranked #450 on the Fortune 500 List; 2022 Net Income of $899 Million, an Increase of 37.70% Over 2021 and Total Revenue of $8.60 Billion, an Increase of 26.40% Over Previous Year
- In Close Proximity to Kroger, Providing For Ample Foot Traffic and High Daily Traffic Counts
- 2-Miles From Radford University, Enrollment of 8,000 Students
- Located Directly on Lee Highway, Which Sees 27,000+ Vehicles Per Day
- Radford is a Recreation Center For the New River Valley, Hosting Numerous Tournaments and Events Every Year
- Nearby Retail Drivers Include: Kroger, Walmart Supercenter, Lowe’s, McDonald’s, Starbucks, Bojangles, Hardee’s, Long John Silver’s, Taco Bell, Pizza Hut, Wendy’s, Subway, Little Caesars, Dollar Tree, Sonic, O’Reilly Auto Parts and More
In Cooperation With Sands Investment Group, Inc – Lic. # BoR: Tom Gorman – Lic. VA #0225269275
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