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Restaurant

Chipotle with Double Drive-Thru

18299 NW 27th Ave, Miami Gardens, FL 33056

Listing Price: $4,578,000

Cap Rate
3.85%
Tenant Name
Chipotle
Years Remaining On Lease
15.1
Gross SF
2,448
Guarantor
Corporate Guarantee
Rentable SF
2,448
Price/Gross SF
$1,870.10
Lease Type
Absolute Net
Rent Per Square Feet
$72.00

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a Chipotle located at 18299 NW 27th Ave, Miami Gardens, FL. The property contains 2,448 square feet of net leasable area and is situated on just under an acre of land. This investment opportunity consists of a brand-new double drive through restaurant which is expected to open in the summer of 2022. The subject sits on a hard corner signalized intersection with a combined traffic count of approximately 78,000 vehicles per day. Chipotle is subject to an absolute triple-net lease, with a 15-year primary lease term and four, five-year extension options. Miami Gardens is a Miami suburban city located in Miami-Dade County, Florida. Hard Rock Stadium, home field for both the Miami Dolphins football team and the University of Miami Hurricanes football team, is one of Miami Garden’s top attractions. Chipotle serves fast casual, Mexican-inspired cuisine. Founded in Denver, CO in 1993, it has grown to more than 2,600 store locations and serves over a million customers daily. The company is known for its marketing of “Food With Integrity,” its commitment to offering fresh items and sourcing ingredients from ethical suppliers. Chipotle has helped usher in an era of “fast casual” dining experiences.

Investment Highlights

  • Brand New Construction – Estimated Completion Early Summer 2022
  • 15 Year Primary Lease Term
  • Dense Infill Population – 20,000+ People in One-Mile Radius
  • Two Points of Ingress and Egress Providing Easy Access
  • 10% Rental Increases Every Five Years
  • Hard Corner Signalized Intersection with 78,000+ Vehicles Per Day
  • Chipotlane – Double Drive-Thru Location
  • Nearest Chipotle is Over Four Miles Away

Exclusively Listed By

Financing By

Restaurant

Chipotle with Double Drive-Thru

Listing Price: $4,578,000

Cap Rate
3.85%
Tenant Name
Chipotle
Years Remaining On Lease
15.1
Gross SF
2,448
Guarantor
Corporate Guarantee
Rentable SF
2,448
Price/Gross SF
$1,870.10
Lease Type
Absolute Net
Rent Per Square Feet
$72.00

Investment Highlights

  • Brand New Construction – Estimated Completion Early Summer 2022
  • 15 Year Primary Lease Term
  • Dense Infill Population – 20,000+ People in One-Mile Radius
  • Two Points of Ingress and Egress Providing Easy Access
  • 10% Rental Increases Every Five Years
  • Hard Corner Signalized Intersection with 78,000+ Vehicles Per Day
  • Chipotlane – Double Drive-Thru Location
  • Nearest Chipotle is Over Four Miles Away

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a Chipotle located at 18299 NW 27th Ave, Miami Gardens, FL. The property contains 2,448 square feet of net leasable area and is situated on just under an acre of land. This investment opportunity consists of a brand-new double drive through restaurant which is expected to open in the summer of 2022. The subject sits on a hard corner signalized intersection with a combined traffic count of approximately 78,000 vehicles per day. Chipotle is subject to an absolute triple-net lease, with a 15-year primary lease term and four, five-year extension options. Miami Gardens is a Miami suburban city located in Miami-Dade County, Florida. Hard Rock Stadium, home field for both the Miami Dolphins football team and the University of Miami Hurricanes football team, is one of Miami Garden’s top attractions. Chipotle serves fast casual, Mexican-inspired cuisine. Founded in Denver, CO in 1993, it has grown to more than 2,600 store locations and serves over a million customers daily. The company is known for its marketing of “Food With Integrity,” its commitment to offering fresh items and sourcing ingredients from ethical suppliers. Chipotle has helped usher in an era of “fast casual” dining experiences.

Exclusively Listed By

Financing By

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