June 13, 2025 – Bob Horvath, Todd Tremblay, Kyle Danielson and Chris King of Horvath & Tremblay have successfully completed the sale of Chipotle in Radford, Virginia. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $2,309,091.
Chipotle is located at 7406 Lee Highway in Radford, Virginia. The newer construction Chipotle has 12+ years remaining on their Triple Net (NNN) Lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. The Property features a Chipotlane (drive-thru) and outdoor patio space, both designed to enhance the customer experience and drive sales. Chipotle is well located along Lee Highway (US Route 11), the area’s primary commercial and commuter corridor. The Property is positioned in between Walmart Supercenter and a Kroger anchored shopping center in the heart of Lee’s commercial district and is surrounded by national retailers and restaurants that drive traffic to the area. The Property is convenient to residential neighborhoods, area schools and is just 2 miles from Radford University, all of which provide a built-in customer base. The Property offers convenient access to US Route 11, VA Routes 114 and 177 and Interstate 81.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.