Corporate-Guaranteed NNN Restaurant
For Sale
Contact for pricing
Pending
2423 W Hundred Rd, Chester, VA 23831
Located in Bermuda Square near I-95, the property combines an established retail setting with a corporate restaurant tenant.
Property SizeContact for details
Days on Market142
Property Features for 2423 W Hundred Rd
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Anchor Co-Tenants
Hobby Lobby, Burlington
Highway Access
Yes
Additional Details
Cap Rate
5.51%
Listing Agency:
Marcus & Millichap - Los Angeles
(310) 909-5500
Listed By:
Tyler Bindi · License #CA 02116455
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 3:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This NNN restaurant property is occupied by Chipotle Mexican Grill, which has operated at the site for over ten years. The lease is corporately guaranteed, includes rental increases of over 12% in each renewal period, and the tenant has exercised its first 5-year renewal option. The property carries a 5.51% CAP rate.
The site is part of Bermuda Square Shopping Center, alongside Hobby Lobby and Burlington, with Little Caesars and Valvoline located on out parcels. Additional national retailers in the surrounding area include Lowe’s, Office Depot, and Starbucks. Richmond Highway access and proximity to the I-95 interchange provide exposure to a corridor handling 124,000 vehicles per day.
The site is part of Bermuda Square Shopping Center, alongside Hobby Lobby and Burlington, with Little Caesars and Valvoline located on out parcels. Additional national retailers in the surrounding area include Lowe’s, Office Depot, and Starbucks. Richmond Highway access and proximity to the I-95 interchange provide exposure to a corridor handling 124,000 vehicles per day.
Key Highlights
- 5.51% CAP rate
- Corporately guaranteed Chipotle Mexican Grill tenancy
- Tenant has operated at the site for over ten years
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 23831, VA
37,216
Population
15,430
Households
2.4
Avg Household Size
40
Median Age
37%
College-Educated
94%
High-School Grad
23.6 sq mi
ZIP Area
1,577
Density / Sq Mi
$92,092
Median Household Income
$52,114
Median Earnings
$1,560
Median Rent
$300,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Located in Bermuda Square near I-95, the property combines an established retail setting with a corporate restaurant tenant.
Where is this nnn property located?
The property is located at 2423 W Hundred Rd Chester, VA.
What are key features of this property?
This property features: 5.51% CAP rate; Corporately guaranteed Chipotle Mexican Grill tenancy; Tenant has operated at the site for over ten years
