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    5716 E Black Horse Pike Washington Township, NJ

    For Sale
    $3,143,000

    Single-tenant Chipotle property with a drive-thru in Turnersville, New Jersey.

    Property size:
    2,627 SF
    Lot size:
    19.32 Acres

    Property Features for 5716 E Black Horse Pike

    General Information

    Size
    2,627 SF
    Lot size
    19.32 Acres

    Source: Forged Real Estate Agent Marc Mandel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chipotle NNN Property For Sale

    This single-tenant property is leased to Chipotle in Turnersville, New Jersey, part of Washington Township, approximately 20 miles southeast of Philadelphia. Chipotle is expected to open in October 2025 and operates under a newly established 15-year lease, with 10% rental increases every five years. The lease is backed by a corporate guaranty from Chipotle Mexican Grill, Inc. This brand-new Chipotle features a drive-thru 'Chipotlane' for customer access. The current Landlord will be adding a new roof to the property prior to rent commencement. The property benefits from visibility along NJ-42, which sees over 79,300 vehicles per day. It is also near the start of the Atlantic City Expressway, which sees 47,800 vehicles per day and runs directly to Atlantic City. Turnersville is situated within the Philadelphia MSA. The surrounding 5-mile area has a population of over 183,000 and 71,000 households, with an average household income of $122,000. The property size is 2,627 square feet.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Map

    City
    Washington Township
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0597897
    Latitude
    40.9912886

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    FAQs

    What type of property is this?
    Drive through restaurant - Single-tenant Chipotle property with a drive-thru in Turnersville, New Jersey.
    Where is this drive through restaurant located?
    The property is located at 5716 E Black Horse Pike Washington Township, NJ.
    What is the asking price?
    The asking price for this property is $3,143,000.
    What are key features of this property?
    This property features: - Brand new 15-year lease with Chipotle (NYSE: CMG) featuring 10% rental increases every five years, backed by a corporate guaranty.; - Features a drive-thru "Chipotlane" for convenient customer access.; - Excellent visibility on NJ-42 with high traffic volume (79,300 VPD).
    (610) 608-2621
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    5716 E Black Horse Pike Washington Township, NJ
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    Washington Township, NJ
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5716 E Black Horse Pike Washington Township, NJ
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