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Chipotle Mexican Grill Signs Long-Term Lease For 2,957-Square-Foot Space In Bronx's Hutchinson Metro Center Atrium

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LEASED

New York

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Retail2,957 SF
Leased 09/13/2023
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LEASED

Chipotle Mexican Grill Signs Long-Term Lease For 2,957-Square-Foot Space In Bronx's Hutchinson Metro Center Atrium

1776 Eastchester Road

See Similar Deals
Retail2,957 SF
Leased 09/13/2023
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:2,957 SF
Transaction Type:Lease

Chipotle Mexican Grill has signed a long-term lease for a 2,957-square-foot space in the Hutchinson Metro Center Atrium, a 360,000-square-foot mixed-use complex located at 1776 Eastchester Road in the Pelham Bay section of the Bronx. The retail space offers Chipotle an ideal location to serve its customers in the bustling market of Pelham Bay.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Size: 2,957 square feet
  • Address: 1776 Eastchester Road
  • Market: Pelham Bay Section, Bronx

Simone Development Companies, led by Joseph Simone, acted as the landlord in this lease transaction. They were instrumental in securing Chipotle as a tenant in their retail space at Hutchinson Metro Center Atrium. Chipotle Mexican Grill, a well-known fast-casual Mexican restaurant chain, saw the potential of this location and decided to establish its presence in the vibrant Pelham Bay market.

Details

LEASED
IMAGE: Joseph Simone DATE: 09/13/2023 ADDRESS: 1776 Eastchester Road MARKET: Pelham Bay Section, Bronx ASSET TYPE: Retail ~ SF: 2,957 LANDLORD: Simone Development Companies - Joseph Simone TENANT: Chipotle Mexican Grill NOTE: Chipotle Mexican Grill has signed a long-term lease for a 2,957-square-foot space in the Hutchinson Metro Center Atrium, a 360,000-square-foot mixed-use complex in the Bronx.

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Deal Type
Effective Rent (Annual)

$169,493.46

Total Lease Value

$1,694,934.56

Net Landlord Cash Flow$169,493.46