Chipotle Mexican Grill

911 West Main Street, Inverness, FL 34450

$4,183,000

Cap Rate 4.35%

Views: 50 DOM: 79 Updated: 08.22.24 Posted: 06.21.24 Status: Active

Summary

Price $4,183,000	Built/Renov 2023	Tenant Chipotle Mexican Grill
Cap Rate 4.35%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 2,493	Lease Start 07-25-2023	#Units 3,437
Price/SF $1,677.90	Expiration 07-31-2038	Tenant Type Fast Casual/Rest.
NOI $182,000	R. Term 13.11	Ownership Fee Simple
Rent/SF $73.00	Increases 10.0%/5/yrs	Pop 5Mi 33,262
Lot/AC 0.94	Options 4/5yrs/10%	AHHI 5Mi $58,489

Lease Highlights

New 2023 construction
Chipotle has 14 years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Chipotle Mexican Grill is strategically located at the signalized intersection of W. Main Street and US Hwy 41, with access to a substantial combined daily traffic count of 57,200 vehicles. The property is positioned directly across from the brand-new Publix Super Market Plaza Inverness, which includes well-known national tenants including Panera Bread, Mattress One, AT&T, and more....

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Highway close
Income tax free state
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Publicly traded company

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Links

Chipotle Mexican Grill Wikipedia Chipotle Mexican Grill Wikipedia Inverness, Florida Zip Code 34450 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 specializes in...

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Listing Broker

William Wamble

SRS National Net Lease Group

Contact

171 Listings
14845 Views
40 Sold

Patrick Nutt

SRS National Net Lease Group

Contact

247 Listings
19864 Views
83 Sold

William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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