1025 Landis AveVineland, NJ 08360
- Other commercial real estate
- 0.78 AC
Property Details for 1025 Landis Ave
- Year built
- 1967
- Construction
- BRICK
- Lot size
- 0.78 AC
- Zone code
- B-2
- Property type
- Other 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $11,241,714
- Hospitality
- $10,297,349
- Educational
- $8,567,274
- Medical
- $8,861,915
- Retail
- $13,326,870
Location Insight
- City
- Vineland
- County
- Cumberland
- State
- New Jersey
- Latitude
- 39.4865
- Longitude
- -75.0453
- CBSA code
- 47220
- CBSA name
- VINELAND-MILLVILLE-BRIDGETON, NJ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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