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241 White Horse Pike

$3,300,038

241 White Horse Pike, Barrington, NJ 08007

Active
Last Updated: 03/17/2025

5

Cap Rate

165,000

NOI

Details:
Cap Rate:    5%
NOI:    $165,000
Building Size:    2,325 sqft
Lot Area:    28,762 sqft
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    2024
Parking Spots:    25
Highlights:
  • Surrounded by National Retailers – Chipotle is across the street from a new Chick-Fil-A and Wawa Convenience store. It is also just blocks from The Home Depot, PetSmart, ShopRite, Wendy’s, and more.
  • High Barriers to Entry & Strategic Location – Chipotle is strategically located off the US Interstate 295 (140,481 CPD) at the US Route 30 (55,129 CPD) exit, also known as White Horse Pike. Positioned at the signalized intersection of Bell Avenue and White Horse Pike, which sees over 55,000 CPD, the site benefits from high barriers to entry and is situated on the main retail thoroughfare leading to Interstate 295. The location is surrounded by national retailers such as Home Depot, Chick-fil-A, ShopRite, and others, enhancing its strategic value.
  • Dense/Affluent Demographics – Chipotle is ideally situated in a dense, infill submarket featuring over 115,894 residents and average household incomes exceeding $138,496 within a 3-mile radius and over 296,037 residents and average household incomes exceeding $124,930 within a 5-mile radius.
  • Residential and Commercial Proximity – Chipotle is conveniently located next to major sporting venues, such as Lincoln Financials Field (Philadelphia Eagles), Citizens Bank Park (Philadelphia Phillies) and Downtown Philadelphia.
Description:

IDEAL 1031 EXCHANGE INVESTMENT OPPORTUNITY WITH CORPORATE GUARANTEE

New 15-Year NNN Lease with Limited Landlord Responsibilities – Chipotle is responsible for all operating expenses, providing a passive investment for investors.

Excellent Credit Tenant – Chipotle (S&P Rating: AA) has over 3,600 locations and is a Fortune 500 company with over $9.5 billion in revenue. Chipotle’s stock (NYSE: CMG) has increased over 340% over the last five (5) years.

New Chipotlane Prototype – New construction property with drive-thru to enhance store sales and customer order options.

Strong Inflation Hedge – The primary term of the lease provides for ten (10%) percent increases every five (5) years during the initial term and in the option periods.

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