Listed by SRS Real Estate Partners Tampa
$5,000,000
Chipotle - Tampa-St Petersburg (Pinellas Park) FL
Details
APN 30-30-16-03816-000-0380
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,493
Net Rentable (SqFt) 2,493
Cap Rate 4.5%
NOI $225,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chipotle
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/31/2041
Remaining Term 15
Rent Bumps Yes
Lease Options 4 (5-Year)
Class A
Year Built 2026
Acreage 0.750
Zoning CH: Commercial Heavy
Parking Spaces 27 spaces
Parking Per SqFt 10.83
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/01/2026
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
Chipotle in Tampa-St. Pete FL MSA | 15-Year Abs NNN Lease | Hard Corner w/ 68,800 VPD
Marketing description
• Chipotle recently signed a brand new 15-year lease with 4 (5-year) options to extend
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded
(NYSE: CMG) and nationally recognized tenant with over 4,000 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
Investment highlights
- Brand New 15-Year Lease | Corporate Guaranty | Brand New Construction | Scheduled Rental Increases
- Absolute NNN Structure | Fee Simple | No State Income Tax
- Located in Heart of St. Pete | Premier Pinellas Park Retail Corridor | Supported by Dense Educational District
- Local Demographics 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$225,000.00
$18,750.00/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
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