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33253629
33253630

4920 BELLE TERRE PKWY, PALM COAST, FL 32137

DH
NC NC 288268
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$5,269,000
2 days on market
Updated 2 days ago

Chipotle Mexican Grill | Palm Coast, FL

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Net Rentable (SqFt) 2,415
Units 1
Cap Rate 4.65%
NOI $245,000
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King, Chick-fil-A (+5)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2041
Remaining Term 15.1
Rent Bumps Yes
Lease Options 4 x 5-year options
Class A
Year Built 2026
Acreage 0.760
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2026
Ground Lease No

4.65% CAP | Hard-Cornered Site With Chipotlane

Investment highlights

STRONG LEASE FUNDAMENTALS

• 15-year absolute NNN lease with zero landlord responsibilities

• Four (4) five-year renewal options

• 10% rent increases every five years

• Long-term passive income backed by an investment grade tenant

CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT

• Chipotle Mexican Grill (NYSE: CMG) – market cap over $80B

• 3,700+ locations nationwide

• Aggressively expanding with 300+ new restaurants annually

• Strong brand recognition and consistent same-store sales growth

BOOMING REGION OF FLORIDA

• The property is surrounded by several new developments and economic drivers

• Promenade at Town Center, a 230,000 SF mixed-use development

• 689 new homes approved across multiple developments

SIGNALIZED CORNER | PUBLIX OUTPARCEL

• Located at signalized corner of Belle Terre Pkwy (24K VPD) & Palm Coast Pkwy SW (12K VPD) for strong visibility and easy access

• Outparcel to a top-performing Publix, ranked in Florida’s top 10% by visits

NEW CONSTRUCTION WITH “CHIPOTLANE”

• Built to Chipotle’s current prototype specifications

• Includes “Chipotlane” drivethru, boosting digital order fulfillment and efficiency

• Modern design with curbside pickup, supporting long-term relevance and strong sales

RETAIL DENSE CORRIDOR

• Over 1.5M SF of retail within 1 mile, with just 1.1% vacancy

• Nearby national retailers: The Home Depot, Walmart Supercenter, Ollie’s Bargain Outlet, Publix, and more

Listing Contacts

DH
NC NC 288268
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$245,000.00
$20,416.67/mo

Valuation Metrics

0
DSCR
4.65%
Cap Rate
4.65%
ROI

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