Listed by SRS Real Estate Partners Tampa
$4,433,000
Chipotle - Melbourne FL
Details
APN 28-36-03-52-00000.0-0008.00
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,471
Cap Rate 4.5%
NOI $199,500
Occupancy 100%
Tenancy Single
Brand/Tenant Chipotle
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 04/30/2041
Remaining Term 14.9
Rent Bumps Yes
Lease Options 4 (5-Year)
Price per SqFt $1,794
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 1
Stories 1
Acreage 1.000
Zoning Gateway Interchange District (GTWY-1)
Parking Spaces 35 spaces
Parking Per SqFt 14.16
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/14/2026
Ground Lease No
Ownership Fee Simple
15 Year, Abs. NNN Lease, Corporate Guarantee
Investment highlights
Brand New 15-Year Lease | Corporate Guaranty (NYSE:CMG) | 10% Rental Increases | 2026 Construction
Absolute NNN Lease | Fee Simple Ownership (Land & Building) | Zero Landlord Responsibilities
Frontage On U.S. Hwy 192 (32,500 VPD) | Steps From I-95 (101,500 VPD)
Dense Retail Corridor | Surrounded by New Development
Space Coast Town Center | 225-Acre Master-Planned Development
Strong Demographics In 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$199,500.00
$16,625.00/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
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