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Restaurant

Chipotle Drive-Thru | New Absolute NNN Lease

1812 E State Rd 60, Valrico, FL 33594

Listing Price: $3,453,000

Cap Rate
3.65%
Tenant Name
Chipotle
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
2,424
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.00

Investment Overview

Marcus & Millichap is pleased to present the Chipotle in Valrico, FL.

Investment Highlights

  • 15-Year Absolute NNN Lease with 10% Increases Every 5 Years
  • Corporate Guaranty (NYSE: CMG), 3,000+ Locations and Over $5.98 Billion in Revenue
  • Online and Mobile Orders for Chipotle Increased 174% Year-Over-Year Accounting for 41% of Sales
  • Average Unit-Level Sales for Chipotle in North America Exceed $2.5 Million
  • Chipotle's Stock has Nearly Doubled During the Past 12 Months
  • Brand New High-Quality Construction with a Drive-Thru, Chipotlane Restaurants Generate 20%+ More in Sales
  • Infill Location Just East of Downtown Tampa, Over 200,000 Residents in Primary Trade Area
  • One of the Fastest Growing Suburban Communities on the Florida Gulf Coast

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Restaurant

Chipotle Drive-Thru | New Absolute NNN Lease

Listing Price: $3,453,000

Cap Rate
3.65%
Tenant Name
Chipotle
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
2,424
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.00

Investment Highlights

  • 15-Year Absolute NNN Lease with 10% Increases Every 5 Years
  • Corporate Guaranty (NYSE: CMG), 3,000+ Locations and Over $5.98 Billion in Revenue
  • Online and Mobile Orders for Chipotle Increased 174% Year-Over-Year Accounting for 41% of Sales
  • Average Unit-Level Sales for Chipotle in North America Exceed $2.5 Million
  • Chipotle's Stock has Nearly Doubled During the Past 12 Months
  • Brand New High-Quality Construction with a Drive-Thru, Chipotlane Restaurants Generate 20%+ More in Sales
  • Infill Location Just East of Downtown Tampa, Over 200,000 Residents in Primary Trade Area
  • One of the Fastest Growing Suburban Communities on the Florida Gulf Coast

Investment Overview

Marcus & Millichap is pleased to present the Chipotle in Valrico, FL.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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