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.
Chipotle Drive-Thru | New Absolute NNN Lease
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
Financing By
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
Financing By
