5 Radcliffe DrMoosic, PA 18507

For Sale
$2,365,645

High-return Chipotle, 15-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
93
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
Other 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
5 Radcliffe Dr, Moosic, Pennsylvania

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5 Radcliffe Dr
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