Chipotle | Jacksonville, FL
New 15-Year Abs NNN Lease | High-Visibility Site
Marketing description
New 15-year absolute NNN lease to Chipotle, a globally recognized Mexican restaurant chain with over 3,800 stores worldwide.
10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.
Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, ideal for both out-of-area or local investors.
Chipotle is ranked on the Fortune 500 and is recognized on the 2024 list for Fortune’s Most Admired Companies and Time Magazine’s Most Influential Companies.
Chipotle experienced strong growth in 2024, including a 14.6% increase in total revenue to $11.3 billion and a 7.4% increase in comparable restaurant sales.
The company plans to open 315-345 new restaurants in 2025, with over 80% featuring “Chipotlane” drive-thrus.
Investment highlights
Prime Retail Location: High-visibility and easily accessible location near the signalized intersection of Normandy Boulevard and Fouraker Road, which experiences a combined traffic count of over 47,000 vehicles per day.
Reliable Tenancy: Chipotle experienced strong growth in 2024, including a 14.6% increase in total revenue to $11.3 billion and a 7.4% increase in comparable restaurant sales.
Strong Demographic Base: The five-mile radius serves a populous region of 162,595, with an average annual household income of $89,982 within one mile.
Prime Location Near Major Jacksonville Traffic Drivers: Ideal proximity to Atlantic Beach, Neptune Beach, and Jacksonville Beach, allowing the site to capture immense tourist and recreational traffic.
Zero Management Responsibilities: Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot.
Growing Market Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Chipotle and Jacksonville for steady concurrent growth.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
