4165 Buffalo Rd Erie, PA 16510-2109
Property Lookup
Property profile & analytics
4165 Buffalo Rd Erie, PA 16510-2109
- Turn key restaurants
- 2,304 SF
- 0.68 lot acres
Property ID
US73-3070740
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Chipotle Mexican Grill / Restaurant
Property Details for 4165 Buffalo Rd
- Year built
- 2021
- Construction
- FRAME
- Lot size
- 0.68 lot acres
- Property size
- 2,304 SF
- Zone code
- B1
- Property type
- Turn key restaurants
- APN
- 27-051-151.0-017.05
- APU
- 27051151001705
Description
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.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.0059
- Latitude
- 42.1442
- CBSA code
- 21500
- CBSA name
- ERIE, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,140
$119,200
$0.00
$119,200
-
$119,200
$403,200
$522,400
