1025 Landis AveVineland, NJ 08360

For Sale
$3,431,000

High-yield, corporate-guaranteed Chipotle

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • Brand new Chipotle restaurant with a 15-year NNN lease plus four 5-year renewal options.
  • Corporate guarantee from Chipotle Mexican Grill, Inc. (NYSE: CMG).
  • 10% rent increases every five years.
  • Newly constructed building with Chipotlane drive-thru.
  • High-traffic location on W. Landis Avenue (19,600 VPD) and State Highway 47 (31,700 VPD).
  • Strong commercial corridor with other national fast-food chains.

Property Details for 1025 Landis Ave

Property type
Other retail properties, Restaurants
Square Feet
2,325 SF
Year Built
2024
Lot Size (sq. ft)
33,977 SF

Location Insight

City
Vineland
County
Cumberland
State
New Jersey
Latitude
39.4867027
Longitude
-75.0452519
1025 Landis Ave, Vineland, New Jersey

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1025 Landis Ave
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