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Chipotle 3730 Patrick Way

2,325 SF Retail Building Elizabeth City, NC 27909 $4,698,913 CAD ($2,021 CAD/SF) 4.90% Cap Rate

Investment Highlights

  • 2024 brand new construction | Fresh 15-year lease
  • Close proximity to Tanglewood Pavilions, Shoppes at Tanglewood, and a Walmart Supercenter | 402,428 SF of combined retail space
  • Explosive population growth within a 1-mile radius | 43.62% from ’10-‘24
  • Corporate guaranteed lease | Chipotle Mexican Grill, Inc. | 3,200 locations across North America & Europe
  • Regional consumer draw to the immediate retail corridor
  • Less than 5 minutes from new Sentara Albemarle Medical Center under construction | 88 beds & 60,000 SF

Executive Summary

Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Chipotle in Elizabeth City, NC. We welcome your review of this attractive investment.

Property Facts

Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,325 SF
Year Built
2024
Price
$4,698,913 CAD
Price Per SF
$2,021 CAD
Cap Rate
4.90%
NOI
$230,247 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.77 AC
Parking
27 Spaces (11.61 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Drive Thru

Nearby Major Retailers

Hwy 55 Burgers, Shakes & Fries
Starbucks
ALDI
  • Listing ID: 33703081

  • Date on Market: 2024-10-31

  • Last Updated:

  • Address: 3730 Patrick Way, Elizabeth City, NC 27909

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