Overview

Description

SRS National Net Lease Group is pleased to present the rare opportunity to acquire Chipotle & Shops, a 6,163 SF, 100% occupied, three-tenant building, located in Keene, New Hampshire. The property features a strong, diversified tenant line up of Chipotle Mexican Grill, T-Mobile and Gentle Dental. All tenants are operating in their 10-15 year initial term leases and all have options to extend, demonstrating their commitment to the site. The leases are all NNN in nature, limiting expense leakage for a new investor.

The subject site is situated at the hard corner intersection of Winchester Street and Key Road (combined 26,200 VPD) with excellent visibility and access from both adjacent streets. The asset is located between two large shopping centers; Riverside Plaza anchored by a Walmart Supercenter and Key Road Plaza Shopping Center anchored by T.J. Maxx and Staples. Other nearby national/credit tenants include The Home Depot, Target, Price Chopper, Michaels, Dollar Tree, Planet Fitness, Kohl’s, JCPenney, and more, further increasing consumer traffic and promoting crossover shopping to the trade area. In addition, Chipotle & Shops is located less than mile from Keene State College with approximately 4,300 students enrolled, providing the asset with a strong student consumer base. The 5-mile trade area is supported by a population of approximately 30,000 with a healthy average household income exceeding $75,000.

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