Chipotle Mexican Grill

35654 US Highway 27, Haines City, FL 33844

$3,750,000

Cap Rate 4.40%

Views: 70 DOM: 333 Updated: 03.27.24 Posted: 06.18.23 Status: Active

Summary

Price $3,750,000	Built/Renov 2023	Tenant Chipotle Mexican Grill
Cap Rate 4.40%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 2,493	Lease Start 08-02-2023	#Units 3,437
Price/SF $1,504.21	Expiration 08-01-2038	Tenant Type Fast Casual/Rest.
NOI $165,000	R. Term 14.2	Ownership Fee Simple
Rent/SF $66.19	Increases 10.0%/5/yrs	Pop 5Mi 72,269
Lot/AC 0.69	Options 4/5yrs/10%	AHHI 5Mi $69,759

Patrick Nutt

SRS National Net Lease Group

Contact

Lease Highlights

Brand-new 2023 construction
The tenant signed a new 15-year lease with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Chipotle Mexican Grill, Inc (NYSE: CMG)

Location Description

This newly constructed Chipotle is strategically fronting US Hwy 27 averaging 57,500 vehicles per day. US Hwy 27 is the primary thoroughfare serving the Haines City. This site features the new “Chipotlane” concept, providing ease and convenience for customers. The subject property is near several national/credit tenants such as Wendy’s, AutoZone, Taco Bell, Dollar Tree, Burger King, and more....

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Key Features

New construction
Signalized intersection
Near major nationals
Highway location
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee
Publicly traded company

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Links

Chipotle Wikipedia Chipotle Wikipedia Haines City, Florida Zip Code 33844 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chipotle Mexican Grill
Guarantor:Corp Traded
Company:Chipotle Mexican Grill, Inc.
# Units:3,437
Stock: NYSE: CMG

About Tenant

Chipotle Mexican Grill, Inc., or “Chipotle”, is an American chain of fast-casual restaurants in the U.S., United Kingdom, Canada, Germany, and France. The Fortune 500 company...

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