Purchase Price | $2,500,000 |
---|---|
Annual Rental Income | $150,000 |
Cap Rate | 6% |
Lease Term | 15 Years |
City | Cherry Hill MSA |
Chipotle Mexican Grill Net Lease Investment Opportunity
Cherry Hill, NJ MSA
15-Year Triple Net (NNN) Lease
This offering presents an outstanding opportunity to acquire a Chipotle Mexican Grill property located in the highly desirable Cherry Hill, New Jersey Metropolitan Statistical Area. Featuring fee simple ownership and a 10-year triple net lease backed by a corporate guarantee, this investment provides stable, predictable income from one of the nation’s premier fast-casual dining brands. Positioned in a high-traffic corridor within a dense and affluent suburban market, the property offers strong real estate fundamentals combined with a long-term corporate-backed lease.
Location and Market Overview
Cherry Hill is one of the most prominent suburban communities in the Philadelphia metro area and is recognized for its affluent neighborhoods, strong retail presence, and proximity to Center City Philadelphia. The region benefits from a diverse economy driven by healthcare, finance, education, and professional services. Its location along major highways provides excellent accessibility to the Philadelphia metropolitan area, home to more than 6 million residents.
The property is situated along a prime retail corridor with daily traffic counts exceeding 36,000 vehicles. The surrounding area features a dense concentration of national retailers, grocery anchors, and service-based businesses, creating a thriving retail environment that drives steady customer traffic.
Demographics
The trade area boasts robust demographics that support strong restaurant performance. Within a three-mile radius, the population exceeds 95,000 residents with average household incomes above $110,000. Expanding to five miles, the population surpasses 235,000, highlighting the density and affluence of the Cherry Hill area. These strong demographics make the site ideally suited for a national tenant like Chipotle.
Property Details
The property is a freestanding, prototype Chipotle Mexican Grill totaling approximately 2,400 square feet on a 0.9-acre parcel. Constructed to Chipotle’s latest design standards, the facility includes a modern dining area, an efficient kitchen, and a Chipotlane mobile order pick-up window to accommodate growing demand for digital ordering and takeout. The site includes ample parking and excellent ingress and egress, providing convenience for dine-in, takeout, and mobile customers.
Fee simple ownership ensures investors long-term stability and full control of the land and improvements.
Lease Structure and Tenant Guarantee
The property is leased under a 10-year triple net (NNN) lease to Chipotle Mexican Grill, Inc., a publicly traded corporation with more than 3,200 restaurants nationwide. Under the NNN structure, the tenant is responsible for all operating expenses, including property taxes, insurance, and maintenance, offering investors a true passive income stream.
Chipotle continues to be a leader in the fast-casual dining sector, known for its strong brand recognition, rapid growth, and impressive financial performance. The corporate guarantee adds an additional layer of credit security, making this an ideal long-term investment.
Surrounding Area and Trade Drivers
The property benefits from its location within the Philadelphia metro area, one of the nation’s largest and most stable consumer markets. Cherry Hill serves as a primary retail hub for southern New Jersey, attracting customers from surrounding suburban communities. Proximity to Cherry Hill Mall, major healthcare providers, business centers, and schools ensures steady daily traffic and a broad customer base for Chipotle.
Investment Highlights
Buyer Profile and Financing
This property is ideally suited for 1031 exchange buyers, institutional investors, REITs, family offices, and private equity groups seeking secure, long-term, low-management net lease investments. The fee simple ownership and corporate-backed lease structure ensure favorable financing terms and broad lender acceptance.
Conclusion
This Chipotle Mexican Grill property in the Cherry Hill, NJ MSA offers a premier net lease investment opportunity. With a 10-year triple net lease, a corporate guarantee, and a prime location in one of the most affluent suburban markets in the Philadelphia metro area, this asset provides secure, hands-off cash flow with long-term value appreciation potential.
Qualified investors are encouraged to request the offering memorandum, lease abstract, and financial details.