This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/6
15 Maplewood Drive, Douglassville, PA 19518
$2,636,364
15 Maplewood Drive, Douglassville, PA 19518View this property at 15 Maplewood Drive, Douglassville, PA 19518
15 Maplewood DriveDouglassvillePA19518
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/6
Property Description
15 Maplewood Drive is a opportunity to purchase a Net Leased Investment property with a long term lease by Chipotle. Chipotle is currently completing their construction and is scheduling to open in June. Investment Highlights- New 15-Year Lease with 10% Increases Every 5 Years Enhanced Value in Oversized 2.33-Acre Parcel with "Chipotlane" Drive-Thru Strong Corporate, Investment Grade Retailer (NYSE: CMG) Signaled Corner, High Traffic Location to 37,638 VPD High Placer.ai Counts from Neighboring Uses Industry Leader with 3,000+ Locations and $7.5B in Revenue New 15-Year Corporate Lease - The Tenant, Chipotle Mexican Grill, Inc., is subject to a new 15-year lease to commence in Summer 2024. The corporate lease features 10 percent rental increases every five years during the base term and option periods, providing an excellent hedge against inflation. Chipotle will operate in a 5,468-square-foot store, with 3,100 square-feet on the ground floor. There is a 2,200-square-foot lower level but it will not be used by the tenant. The site will also feature a "Chipotlane" modernized drive-thru. A longtime leader and innovator in the food industry, Chipotle is publicly traded on the New York Stock Exchange under the ticker NYSE: CMG. Oversized 2.33-Acre Parcel - The Tenant occupies a 2.33-acre parcel which is significantly larger than typical for Chipotle. On average, Chipotle locations occupy between 0.50-1.0-acres. This enhances the security of the investment by offering long-term flexibility. The developer completed various layout configurations for this parcel including two pad buildings as well as a strip center, but elected for the faster and less capital intensive option of retrofitting this former bank branch. The buyer will inherit this long-term upside to maximize the lot's area should the tenant vacate. Prominent, High Traffic Location - Chipotle is prominently located along Maplewood Drive with fully signalized access between the east and westbound lanes of Route 422. Route 422 is the area's primary route, averaging 37,638 vehicles per day. The property is at the center of the Douglassville retail node. *Owners are PA Licensed Real Estate Agents Please Contact Listing Agent for more information,
Full Property Details
Full Property Details for 15 Maplewood Dr
General
- Price: $2,636,364
- Taxes: $27,625 (2022)
- Status: Active
- Type: Business
- MLS ID: PABK2041888
- Updated: 4/11/2024
- Added to Site: 18 day(s) ago
Business
- Business Type: Restaurant/Bar
Parking
- Total Spaces: 29
- Parking Type: Parking Lot
Location
- Area: Amity Twp (10224)
- Municipality: AMITY TWP
- County: Berks
- Driving Directions: On the corner of Route 422 and Maplewood Dr.
- Traffic Count: Greater than 30000
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Other
- Heating Type: Central
- Heating Fuel: Central
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Other
- Stories/Levels: 0
- Year Built: 1999
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 2.33
- Lot Size (Sq. Ft.): 101,494
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: HC
Financial Considerations
- Price Per Sq. Ft.: $484.98
- Assessment Year: 2023
- School Tax: $20,572
- City/TownTax: $2,212
- City/TownTax Freq: Annually
- County Tax: $4,840
- County Tax Freq: Annually
- Tax w/Assessment: $632,100
- Tax Amount: $27,625
- Tax Year: 2022
- Owner Pays: None
- Landlord Pays: None
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1.75%
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 5242
Listed by Zommick McMahon Commercial Real Estate, Mark C Trani
Get Pre-Approved Today
Schools
Schools serving 15 Maplewood Dr
School District:Daniel Boone Area School District
Rating | Name | Grades | Distance |
---|---|---|---|
Daniel Boone Area Primary Center
576 Monocacy Creek Rd, Birdsboro, PA 19508 | K-2 | 1.8 mi | |
200 Boone Dr, Douglassville, PA 19518 | 3-5 | 2.3 mi | |
1845 Weavertown Rd, Douglassville, PA 19518 | 6-8 | 3.1 mi | |
501 Chestnut St, Birdsboro, PA 19508 | 9-12 | 3.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 15 Maplewood Dr
Date
Details
Price
Change
Source
4/11/2024
Listed
$2,636,364
157.21%
MLS
10/25/2022
Sold
$1,025,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 15 Maplewood Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$27,625
1%
$632,100
—
2022
$27,269
3%
$632,100
—
2021
$26,574
—
$632,100
—
2020
$26,574
2%
$632,100
—
2019
$26,100
2%
$632,100
—
2018
$25,573
2%
$632,100
—
2017
$24,982
3%
$632,100
—
2016
$24,198
—
$632,100
—
2015
$24,199
—
$632,100
—
2014
$24,104
—
$632,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 15 Maplewood Dr
15 Maplewood Drive, Douglassville, PA 19518 (MLS# PABK2041888) is a Business property. 15 Maplewood Drive is currently listed for $2,636,364 and was received on April 11, 2024. Want to learn more about 15 Maplewood Drive? Do you have questions about finding other Business real estate for sale in Douglassville? You can browse all Douglassville real estate or contact a Coldwell Banker agent to request more information.