Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Chipotle Mexican Grill in Eustis, FL. Chipotle has recently signed a 15 year lease with 10% increases every 5 years. The Asset is well positioned in a large retail artery in Eustis, FL
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