Leased Fast-Casual
For Sale
Contact for pricing
Pending
35 Westchester Square, Bronx, NY 10461
Fee simple interest offered in a corporate Chipotle under a modified gross lease with just under 10 years remaining.
Property SizeContact for details
Days on Market147
Property Features for 35 Westchester Square
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
88,000 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
JLL Phoenix
Listed By:
Nick Franklin · License #AZ0138
(602) 282-6300
Source:
Crexi
Added: Apr 12
Changed: Sep 2
Last Checked: Sep 4 at 12:14PM
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 JLL Phoenix
Investment Insights
Based on property information with market context.
JLL is pleased to offer for sale the fee simple interest in a corporate Chipotle restaurant located at 35 Westchester Square in the Bronx, New York. The asset is leased under a modified gross structure, with just under ten years remaining in the primary lease term and rental escalations included in the arrangement.
The restaurant is situated in a densely populated area just off the Hutchinson River Parkway, one of the borough’s primary thoroughfares with 88K+ VPD, providing easy accessibility to multiple interstates and connections to Queens, Manhattan, Brooklyn, and LaGuardia Airport.
Chipotle is a market leader in fast-casual dining, specializing in made-to-order tacos, burritos, and specialty items, with nearly 2,900 restaurants and total system-wide revenue of over $7 billion. The offering is presented as a long-term investment leased to an industry-leading, Fortune 500 company in an urban core district of New York City.
The restaurant is situated in a densely populated area just off the Hutchinson River Parkway, one of the borough’s primary thoroughfares with 88K+ VPD, providing easy accessibility to multiple interstates and connections to Queens, Manhattan, Brooklyn, and LaGuardia Airport.
Chipotle is a market leader in fast-casual dining, specializing in made-to-order tacos, burritos, and specialty items, with nearly 2,900 restaurants and total system-wide revenue of over $7 billion. The offering is presented as a long-term investment leased to an industry-leading, Fortune 500 company in an urban core district of New York City.
Key Highlights
- Fee simple interest in a corporate Chipotle in the Bronx, New York
- Modified gross lease with just under 10 years of primary lease term remaining
- Lease includes attractive rental escalations
Property Analytics
Property Profile
Current Use
Lease Details
88,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,835
Businesses Nearby
278k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 45%
Groceries 4%
Electronics 2%
Wendy's
Dining
31,083 visits/mo
0.1 miles
Dollar Tree
Shops & Services
29,487 visits/mo
0.2 miles
Dunkin' Donuts
Dining
27,689 visits/mo
0.5 miles
BP
Shops & Services
20,116 visits/mo
0.2 miles
Burger King
Dining
17,460 visits/mo
0.4 miles
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fee simple interest offered in a corporate Chipotle under a modified gross lease with just under 10 years remaining.
Where is this conventional restaurant located?
The property is located at 35 Westchester Square Bronx, NY.
What are key features of this property?
This property features: Fee simple interest in a corporate Chipotle in the Bronx, New York; Modified gross lease with just under 10 years of primary lease term remaining; Lease includes attractive rental escalations
