Chipotle Mexican Grill | Palm Coast, FL
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
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