Chipotle

13911 South Virginia Street, Reno, NV

$3,100,000

Price

4.5%

Cap Rate

$139,500

NOI

Gallery
Street
Map
Overview
Cap Rate
4.5%
NOI
$139,500
Building Size
2,325 sqft
Lot Area
0.47 sqft
Occupancy
100%
Lease Type
Single Net
Tenancy
Single
Description

This brand new Chipotle features a 10-year net lease and a double drive-thru. The subject property is located adjacent to a PetCo and Old Navy within The Summit, a large shopping center attracting 3.4M visits each year.

Highlights
  • Brand new 10-year net lease with four , 5-y ear options and 10% rental increases every 5 years
  • 2024 construction Chipotle with the latest prototype building
  • Dedicated drive-thru “Chipotlane”
  • The whole center is located at the intersection of Interstate 580 and S Virginia Street, boasting 79K combined vehicles per day
  • A regional retail destination located in South Reno at the base of Mount Rose Highway, just minutes away from Incline Village and Lake Tahoe
  • The trade area boasts over 400K residents and household incomes of over $97K within a 10- mile radius
Documents
Location
Gallery