Chipotle

545 NJ-17, Paramus, NJ
Deal Type:
Net Lease
Price:
$4,500,000
Cap Rate:
5.00%
Current Rent:
$225,000
Lease Type:
Triple Net
Lease Expiration Date:
Approx. 12 years
Renewal Options:
3, 5-Year Options
Building Sq. Ft.:
2,325 SF
Rent Increases:
10% Every 5 Years

Investment Highlights

  • Chipotle is situated on the Main Thoroughfare, seeing more than 137,000 VPD on Route 17N
  • Subject Property is located in a strong trade area with an average household income of $186,000 within 1-mile
  • Less Than 1 Mile from Paramus Park Shopping Mall, a 770,000+ SF enclosed mall & Bergen Community College, 17,000 total student enrollment
  • Shopping Center is anchored by Attractive National Tenants including Hobby Lobby, Marshalls, Skechers, and Ashley Furniture

Listing Agents

Taylor Trepinski

Vice President
254 292 0051
Taylor@stream-cp.com

Philip DiGennaro

Managing Director
203 610 1541
Phil@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

Broker of Record: Mike Antonoplos, Lic #NJ-MJA-8132327

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