1025 Landis Ave Vineland, NJ 08360-3421

Property Details for 1025 Landis Ave

Year built

1967

Construction

BRICK

Lot size

0.78 lot acres

Zone code

B-2

Property type

Commercial real estate

APN

14 03503-0000-00009

APU

1403503000000009

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,325 square foot Chipotle restaurant located at 1025 W Landis Ave, Vineland, NJ 08360. Built in 2024, this property boasts a 15-year NNN lease with Chipotle Mexican Grill, Inc. (NYSE: CMG), providing a corporate guarantee and significant financial stability. The lease commenced May 31, 2024, and includes four 5-year renewal options, extending the potential lease term to 35 years. The property features a convenient drive-thru ("Chipotlane"), 30 parking spaces, and is situated on a 0.78-acre lot in a high-traffic area. The location benefits from high visibility on W. Landis Avenue (19,600 vehicles per day) and proximity to State Highway 47 (31,700 VPD), placing it within a thriving commercial corridor alongside other national fast-food chains. The property's strong location is further enhanced by its adjacency to a Walmart (top 82% of NJ locations via Placer.ai), ShopRite, and a new Lidl grocery store. The asking price is $3,431,000, representing a price per square foot of $1,475.70 and a 5.10% cap rate based on a Net Operating Income (NOI) of $175,000. The lease includes 10% rental increases every five years, providing built-in growth and inflation protection. The property is zoned for business use and has a Cumberland County APN of 14 03503-0000-00009. This is a rare opportunity to acquire a high-performing, long-term investment with a strong tenant and significant upside potential.

Location Insight

City

Vineland

County

Cumberland

State

New Jersey

Longitude

-75.0453

Latitude

39.4865

CBSA code

47220

CBSA name

VINELAND-MILLVILLE-BRIDGETON, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments