15 Maplewood Drive Douglassville, PA 19518
15 Maplewood Drive is a opportunity to purchase a Net Leased Investment property with a long term lease by Chipotle. Chipotle is currently completing their construction and is scheduling to open in June. Investment Highlights- New 15-Year Lease with 10% Increases Every 5 Years Enhanced Value in Oversized 2.33-Acre Parcel with “Chipotlane” Drive-Thru Strong Corporate, Investment Grade Retailer (NYSE: CMG) Signaled Corner, High Traffic Location to 37, 638 VPD High Placer.ai Counts from Neighboring Uses Industry Leader with 3, 000+ Locations and $7.5B in Revenue New 15-Year Corporate Lease - The Tenant, Chipotle Mexican Grill, Inc., is subject to a new 15-year lease to commence in Summer 2024. The corporate lease features 10 percent rental increases every five years during the base term and option periods, providing an excellent hedge against inflation. Chipotle will operate in a 5, 468-square-foot store, with 3, 100 square-feet on the ground floor. There is a 2, 200-square-foot lower level but it will not be used by the tenant. The site will also feature a "Chipotlane" modernized drive-thru. A longtime leader and innovator in the food industry, Chipotle is publicly traded on the New York Stock Exchange under the ticker NYSE: CMG. Oversized 2.33-Acre Parcel – The Tenant occupies a 2.33-acre parcel which is significantly larger than typical for Chipotle. On average, Chipotle locations occupy between 0.50-1.0-acres. This enhances the security of the investment by offering long-term flexibility. The developer completed various layout configurations for this parcel including two pad buildings as well as a strip center, but elected for the faster and less capital intensive option of retrofitting this former bank branch. The buyer will inherit this long-term upside to maximize the lot’s area should the tenant vacate. Prominent, High Traffic Location - Chipotle is prominently located along Maplewood Drive with fully signalized access between the east and westbound lanes of Route 422. Route 422 is the area’s primary route, averaging 37, 638 vehicles per day. The property is at the center of the Douglassville retail node. *Owners are PA Licensed Real Estate Agents Please Contact Listing Agent for more information
- Property TypeCommercial
- NeighborhoodN/A
- CountyBerks
- Taxes$27,625
- HOA/Condo/Coop Fees$0
- Days on Site22 Days
- MLS StatusActive
- MLS ID NumberPABK2041888
- Home Size Source Estimated
- Year Built1999
- Lot Size2.33 Acres
- Full BathsN/A
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 15 Maplewood Drive Douglassville, PA 19518
3 weeks ago | |
3 weeks ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Construction Other
- Parking Parking Lot
- Sewer Public Sewer
- Acreage 2.33
- Water Public
- Property Sub Type Retail
- Attached Garage No
- Zoning HC
Interior Features
- Cooling Central A/ COther Fuel
- Heating Central
Exterior Features
- Spa No
- Waterfront Property No
Community Features
- MLS Area Amity Twp (10224)