Chipotle NNN Property For Sale — Elizabeth City, NC
Elizabeth City, NC, Elizabeth City, NC
This Chipotle NNN (triple net lease) property offers an excellent investment opportunity. The property features 2,325 square feet of building space and was built in 2024. With a cap rate of 5.5%, this net lease property provides stable income potential. The asking price is $2,912,000, making it an attractive option for investors seeking quality commercial properties. Chipotle net lease properties provide predictable cash flow with minimal landlord responsibilities, backed by a nationally recognized brand with proven operational success. This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes. The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations. Located in Elizabeth City, NC, this property…
- Address: Elizabeth City, NC, Elizabeth City, NC
- Asking price $2.91M
- 5.50% cap rate
- NOI $160,175
- 14 years remaining
- NNN lease
- Year built: 2024
- Building size: 2,325 SF
- Lot size: 0.76 acres
- Lease expiration: Dec 31, 2039
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Chipotle property is at Elizabeth City, NC in Elizabeth City, North Carolina.
Asset type: Retail QSR/Fast Food