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Views: 172 DOM: 142 Updated: 11.25.24 Posted: 08.02.24 Status: Active

Summary

Price $4,442,000
Built/Renov 2024
Tenant Chipotle Mexican Grill
Cap Rate 4.30%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,489
Lease Start 01-01-2025
#Units 3,437
Price/SF $1,784.65
Expiration 01-01-2045
Tenant Type Fast Casual/Rest.
NOI $191,000
R. Term 20.0
Ownership Fee Simple
Rent/SF $76.74
Increases 10.0%/5/yrs
Pop 5Mi 107,659
Lot/AC 0.59
Options 4/5yrs/10%
AHHI 5Mi $77,434

Lease Highlights

  • Brand-new 2024 construction
  • New 20-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: CMG)

Location Description

Chipotle Mexican Grill is strategically located on County Line Road, offering excellent visibility and multiple points of ingress/egress with access to 20,000 vehicles passing by daily. The property is part of Seven Hills Center, a neighborhood center anchored by Publix that features well-known national tenants such as Starbucks, UPS, Mavis, and more. Additionally, it is half a mile west of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 4,976 44,633 114,760
2024 Total Population : 4,700 42,494 109,255
2024 Employed Civilian Pop : 1,814 18,073 44,578
2024 Total Businesses : 221 911 2,552
2024 Average Household Income : $ 80,770 $ 86,871 $ 83,117
2024 Total Consumer Spending : $ 152 M $ 1312 M $ 3274 M
2024 Median Age : 57 50 49
2024 Total Households : 2,146 17,156 44,622
2024 Pop Age 25+: Bachelor's Degree : 534 4,783 12,162
2024 Average Home Value : $ 362,043 $ 333,954 $ 333,453
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Mariner Blvd County Line Rd 2011 17,100 0.11 mi
Shady Hills Rd County Line Rd 2011 12,500 0.21 mi
Shady Hills Road Lancer Rd 2022 14,000 0.57 mi
County Line Rd Farnsworth Blvd 2010 13,747 0.88 mi
Mariner Boulevard Via de Rosa Ln 2022 22,000 0.94 mi
Mariner Blvd Casa Grande Cir 2010 21,115 1.11 mi
County Line Rd Alexson St 2010 13,886 1.19 mi
County Line Rd Peach Tree Dr 2010 16,203 1.22 mi
Shady Hills Rd Fringe Tree Dr 2009 13,879 1.38 mi
Spring Hill Dr Persian Ave 2011 24,000 1.66 mi

Listing Broker

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