4165 Buffalo Rd, Erie, PA 16510-2109

This exceptional investment opportunity presents a 2,325-square-foot Chipotle restaurant located at 4165 Buffalo Rd, Erie, PA 16510. Built in 2021, this freestanding building sits on a 0.68-acre lot and benefits from a 15-year net lease with two 5-year options, followed by a 4-year and 11-month option. The lease commenced December 30, 2021, leaving approximately 12.1 years remaining. The lease includes 10% rent increases in each option period. The property boasts a strong net operating income (NOI) of $99,998, resulting in a 4.25% cap rate and a price per square foot of $1,010.75. The asking price is $2,350,000. This strategically located property is an outparcel to a significant shopping plaza anchored by a Giant Eagle grocery store, surrounded by other major retailers and commercial establishments. Its location in a primary retail corridor in Erie, Pennsylvania (MSA population 269,011), the largest city in Northwestern Pennsylvania, ensures high visibility and strong customer traffic. The property's drive-thru lane further enhances its appeal and operational efficiency. This is a rare opportunity to acquire a high-performing, long-term net lease investment with a strong corporate guarantor, Chipotle Mexican Grill, Inc. (NYSE: CMG). The property is situated within a 5-mile radius of 5.4 MSF of retail, 6.8 MSF of office, 9.5 MSF of industrial space, and 4,687 multifamily units.