35 Westchester Square Bronx, NY 10461

Listing agency JLL - New York City, New York Show Phone

Listed by Alex Geanakos · License #IL: #475.189621

Source Crexi

Added: Apr 12 Updated: Jul 20 at 6:23PM Checked: Jul 21 at 1:23PM

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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.

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

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FAQs

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