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| Price $4,157,000 | Built/Renov 2000/2024 | Tenant Chipotle Mexican Grill |
| Cap Rate 4.45% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
2,975
| Lease Start
08-01-2024
| #Units
3,437
|
| Price/SF $1,397.31 | Expiration
08-01-2039
| Tenant Type Fast Casual/Rest. |
| NOI $185,000 | R. Term 14.8 | Ownership Fee Simple |
| Rent/SF
$62.18
| Increases 10.0%/5/yrs | Pop 5Mi 569,745 |
| Lot/AC 0.55 | Options 4/5yrs/10% | AHHI 5Mi $88,410 |
| | |
Chipotle is strategically located on Missouri Avenue, with access to 34,100 vehicles passing by daily. The property is positioned as an outparcel to a Walmart Supercenter with multiple points of entry. Additionally, the site is a former Burger King that is currently undergoing renovations to build a new Chipotlane with an estimated August 2024 grand opening. The immediate trade area is...
...Recent renovation
Dense retail corridor
WalMart out-parcel
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee
Publicly traded company
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 17,411 | 110,039 | 249,783 |
| 2023 Total Population : | 17,235 | 110,454 | 250,648 |
| 2023 Employed Civilian Pop : | 8,494 | 54,150 | 127,612 |
| 2023 Total Businesses : | 698 | 6,044 | 13,622 |
| 2023 Average Household Income : | $ 69,629 | $ 81,216 | $ 88,410 |
| 2023 Total Consumer Spending : | $ 503 M | $ 3633 M | $ 8848 M |
| 2023 Median Age : | 48 | 51 | 50 |
| 2023 Total Households : | 8,251 | 51,364 | 115,037 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,443 | 17,384 | 40,696 |
| 2023 Average Home Value : | $ 255,089 | $ 325,452 | $ 368,088 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Missouri Avenue North | Rosery Rd NE | 2019 | 33,500 | 0.14 mi |
| Missouri Avenue North | Rosery Rd NE | 2022 | 30,000 | 0.14 mi |
| Rosery Rd NW | 2nd St | 2018 | 2,400 | 0.20 mi |
| Rosery Road Northwest | 2nd St | 2022 | 800 | 0.29 mi |
| Rosery Rd NE | Vancouver Dr | 2011 | 10,280 | 0.33 mi |
| South Betty Lane | Auburn St | 2022 | 2,300 | 0.48 mi |
| Missouri Ave N | 4th Ave NW | 2011 | 34,000 | 0.49 mi |
| Rosery Rd NE | Balboa Ln | 2011 | 8,997 | 0.52 mi |
| Missouri Ave N | 2nd Ave NE | 2011 | 34,115 | 0.60 mi |
| Clearwater Largo Rd N | 10th Ave NW | 2005 | 27,500 | 0.64 mi |
Pensacola, FL
Cap Rate 5.24%
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R. Term 10.40 yrs
Size/SF 4,861
Warwick, RI
Cap Rate 4.65%
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Manchester, NH
Cap Rate 4.60%
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Inverness, FL
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Size/SF 2,493
Leesburg, FL
Cap Rate 4.15%
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Amarillo, TX
Cap Rate 5.25%
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Corona, CA
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McDonough, GA
Cap Rate 4.00%
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Snellville, GA
Cap Rate 4.50%
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Cathedral City, CA
Cap Rate 4.25%
Lease NN+
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Size/SF 2,325
University City, MO
Cap Rate 4.35%
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Tampa, FL
Cap Rate 4.50%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 2,500
South Gate, CA
Cap Rate 4.60%
Lease Abs NNN
R. Term 13.50 yrs
Size/SF 1,807
Louisville, KY
Cap Rate 5.13%
Lease NN+
R. Term 11.00 yrs
Size/SF 4,430
Corona, CA
Cap Rate 4.00%
Lease Abs NNN
R. Term 17.70 yrs
Size/SF 2,650
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
