For Sale
$2,365,645

5 Radcliffe Dr Moosic, PA 18507

High-return Chipotle, 15-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a freestanding Chipotle restaurant located at 5 Radcliffe Dr, Moosic, PA 18507. The property boasts 2,562 square feet on a one-acre lot, built in 2022. Currently operating under a 15-year net lease (NN) with a corporate guarantee, the lease commenced August 31, 2022, and has approximately 12.8 years remaining. The annual net operating income (NOI) is $126,562, representing a 5.35% cap rate and a price per square foot of $923.36. The lease includes two 5-year renewal options and one 4-year, 11-month option, with a 10% rent increase every five years throughout the base term and options. This single-tenant, quick-service restaurant investment offers strong tenant credit and a long-term, secure income stream. The property's location in Moosic, Pennsylvania, within Lackawanna County, ensures high visibility and accessibility. This is a rare opportunity to acquire a high-performing, nationally recognized brand in a desirable location. The asking price is $2,365,645. The property is 100% occupied.

Highlights

  • 15-Year Double Net (NN) Lease with Corporate Guarantee.
  • 14.28 Years Remaining on the Lease Term.
  • 10% Rental Increases Every Five Years.
  • Three Tenant Renewal Options: Two 5-Year Options and One 4-Year 11-Month Option.

Property Details for 5 Radcliffe Dr

Property type
Retail properties, Restaurants
Square Feet
2,562 SF
Year Built
2022
Buildings
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Moosic
County
Lackawanna
State
Pennsylvania
Latitude
41.3627874
Longitude
-75.6804183

FAQs

What type of property is this?
Retail property - High-return Chipotle, 15-year lease.
Where is the retail property located?
The property is located at 5 Radcliffe Dr Moosic, PA.
What is the asking price?
The asking price for this property is $2,365,645.
What are key features of this property?
This property features: 15-Year Double Net (NN) Lease with Corporate Guarantee.; 14.28 Years Remaining on the Lease Term.; 10% Rental Increases Every Five Years.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5 Radcliffe Dr
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