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    OFF-MARKET
    Retail properties & Spaces

    2423 Hundred Rd, Chester, VA 23831

    1,800 SF 0.05 ac lot Built 1978
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 1,800 square foot Chipotle restaurant located in the vibrant Bermuda Square Shopping Center in Chester, Virginia. The property boasts a prime location on West Hundred Road, benefiting from high visibility and excellent traffic counts, with proximity to I-95 (124,000 vehicles daily). The 0.05-acre lot is part of a thriving retail center anchored by Hobby Lobby and Burlington, with additional nearby businesses including Little Caesars, Valvoline, Sleep Number, Raising Cane's, and Aspen Dental. Chipotle operates under a strong, corporately guaranteed net lease with a remaining term of approximately 2.9 years, followed by two 5-year options with significant rent bumps exceeding 12% each. The lease commenced October 19, 2012, and expires October 30, 2027. Built in 1978 and renovated in 2012, this property offers a 5.94% cap rate and a Net Operating Income (NOI) of $77,160 on an asking price of $1,299,999. The property enjoys 100% occupancy and a rent-to-sales ratio of 2% based on sales exceeding $3.5 million. This is a rare opportunity to acquire a well-established, high-performing Chipotle location with a proven track record and significant upside potential. The property's location, strong tenant, and favorable lease terms make it an attractive investment for discerning buyers. The parcel number is 799-65-44-64-200-000.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1978
    Total area 1,800 SF
    Lot 0.05 ac (2,178 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Chipotle Mexican Grill Take-out & Catering Catering Service
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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