Chipotle

231 Saratoga Road, Glenville, NY
Deal Type:
Net Lease
Price:
$2,272,727
Cap Rate:
4.40%
Current Rent:
$100,000
Lease Type:
DoubleNet
Landlord Responsibilities:
Roof and Structure
Renewal Options:
(4) 5- Year Options
Building Sq. Ft.:
2,338 SF
Rent Increases:
10% year 6; 8% year 11 and options
Site Size:
.67 Acres

Investment Highlights

  • New 15 Year Lease – providing passive management responsibilities with rent increases – Corporately guaranteed by Chipotle (NYSE: CMG)
  • First “Chipotlane” in the Albany, NY MSA
  • Chipotle is located in an affluent trade area with average household incomes of $103,000 within 3 miles
  • Strategically located across the street from Target anchored shopping center, additional retailers include: Hannaford Supermarket, Panera, McDonald’s, CVS, and Pet Supplies Plus

Listing Agents

Graham Gold

Vice President
314 324 8792
Graham@stream-cp.com

Philip DiGennaro

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

Connor Shell

Managing Director
407 913 9009
Connor@stream-cp.com

Alex Kutikov | Akutikov@redmarkrealty.com |  518 330 8827 (Owner is a licensed NY real estate broker and has ownership interest)

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