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2300 E Burleigh BlvdEustis, FL 32726
Chipotle Mexican Grill
Asset ClassRetail
Cap Rate4.5%
Eustis, FL | Abs. NNN Lease
overview of deal

Overview

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

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Investment Highlights

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

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2300 E Burleigh BlvdEustis, FL 32726

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Listing provided by Revere CRE