Chipotle Mexican Grill 2300 E Burleigh Blvd 2,497 SF Retail Building Eustis, FL 32726 $5,882,630 CAD ($2,355.88 CAD/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- POSITIONED IN A STRONG RETAIL NODE - 830k square feet of retail space located within a 1 - mile radius of the site
- FRONTING BUSY THOROUGHFARE WITH CROSS ACCESS
EXECUTIVE SUMMARY
STRONG LEASE FUNDAMENTALS
- 15 Year Abs. NNN Lease with zero landlord responsibilities
- Four (4) five (5) year extensions remaining
- 10% Increases every 5 years in base rent and extension periods
POSITIONED IN A STRONG RETAIL NODE
- 830k square feet of retail space located within a 1 - mile radius of the site
- Nearby retailers include: Publix Supermarket, Big Lots, a Chevrolet dealership, and many restaurants
NEW CONSTRUCTION WITH GREAT VISIBILITY & ACCESSIBILITY
- New construction build-to-suit Chipotle with a drive-through “Chipotlane”
- Multiple points of egress and ingress
- Located on the main retail corridor in Eustis along E Burleigh Blvd (56,500 VPD)
CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- Chipotle has a Market Cap of $82B (NYSE: CMG) with over 3,200+ locations across the country
- Chipotle opened 270 new restaurants in 2023 with 110 of those locations utilizing a Chipotlane
LOCATED NEAR MAJOR HOSPITAL
- 1-Mile from the Advent Health Waterman
- This hospital has 300 beds and around 2k employees
- This location also treats around 14,000 inpatients a year and over 65,000 patients in the emergency department
FRONTING BUSY THOROUGHFARE WITH CROSS ACCESS
- Site is located off of E Burleigh Blvd which has an average vehicles per day of over 50k
- More than 1.3M square feet of commercial space in a one mile radius of subject site
- 15 Year Abs. NNN Lease with zero landlord responsibilities
- Four (4) five (5) year extensions remaining
- 10% Increases every 5 years in base rent and extension periods
POSITIONED IN A STRONG RETAIL NODE
- 830k square feet of retail space located within a 1 - mile radius of the site
- Nearby retailers include: Publix Supermarket, Big Lots, a Chevrolet dealership, and many restaurants
NEW CONSTRUCTION WITH GREAT VISIBILITY & ACCESSIBILITY
- New construction build-to-suit Chipotle with a drive-through “Chipotlane”
- Multiple points of egress and ingress
- Located on the main retail corridor in Eustis along E Burleigh Blvd (56,500 VPD)
CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- Chipotle has a Market Cap of $82B (NYSE: CMG) with over 3,200+ locations across the country
- Chipotle opened 270 new restaurants in 2023 with 110 of those locations utilizing a Chipotlane
LOCATED NEAR MAJOR HOSPITAL
- 1-Mile from the Advent Health Waterman
- This hospital has 300 beds and around 2k employees
- This location also treats around 14,000 inpatients a year and over 65,000 patients in the emergency department
FRONTING BUSY THOROUGHFARE WITH CROSS ACCESS
- Site is located off of E Burleigh Blvd which has an average vehicles per day of over 50k
- More than 1.3M square feet of commercial space in a one mile radius of subject site
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,497 SF
Building Class
B
Year Built
2024
Price
$5,882,630 CAD
Price Per SF
$2,355.88 CAD
Cap Rate
4.50%
NOI
$264,718 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.24 AC
Zoning
PD
Frontage
113’ on E Burleigh Ave
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Chipotle Mexican Grill
- Accommodation and Food Services
- 2,497 SF
- -
- Net
- Nov 2039
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Chipotle Mexican Grill | Accommodation and Food Services | 2,497 SF | - | Net | Nov 2039 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-19-26-0003-000-04700 | Improvements Assessment | $33,400 CAD |
| Land Assessment | $1,137,268 CAD | Total Assessment | $1,170,668 CAD |
