Listed by TSCG The Shopping Center Group Atlanta
$4,654,255
Chipotle | Largo, FL (St Pete-Clearwater)
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,905
Cap Rate 4.7%
NOI $218,750
Occupancy 100%
Tenancy Single
Brand/Tenant Chipotle
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/31/2040
Remaining Term 14.5
Rent Bumps Yes
Lease Options 4 x 5 Years
Broker Co-Op True
Year Built 2004
Year Renovated 2025
Acreage 0.610
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/31/2025
Ground Lease No
New 15-Year Abs NNN | 33,000+ VPD | Mins to The Pinellas Beaches
Marketing description
TSCG is pleased to offer for sale a 15-year absolute NNN Chipotle in Largo (Tampa MSA), FL. The oversized 2,900+ SF building features a Chipotlane drive thru and is situated at a hard signalized corner with 33,000+ VPD. The Property benefits from its proximity to Indian Rocks Beach (1.5 miles), Walsingham Commons, Indian Rocks Shopping Center and Barclay Square. Major retailers nearby include Publix, Walmart Neighborhood Market, Bealls, Starbucks and Wawa. Chipotle is strategically located along SR 688, a major east-west thoroughfare providing access to Tampa, St. Pete-Clearwater International Airport and Interstate 275.
Investment highlights
15-YEAR ABS NNN LEASE | OPEN & OPERATING | LARGE FORMAT WITH CHIPOTLANE
- 15-year absolute NNN lease with 10% rent increases every 5 years | Chipotle opened this location in December 2025
- Benefit of an oversized ~2,905 SF building with a Chipotlane drive thru | The building is 20%+ larger than a typical Chipotle footprint
- Cross access to the signalized intersection of 137th St and Walsingham Rd (SR 688)
- Chipotle’s revenue in 2025 was $11.9 billion, a 5.4% increase from 2024
- Chipotle had a record 334 new restaurant openings in 2025 with 77% including a Chipotlane | Digital sales accounted for 36.7% of total food and beverage sales for the year
- Chipotle has over 4,000 locations with plans to grow to 7,000+ across the US and Canada
HARD SIGNALIZED CORNER | 33,000+ VPD | ESTABLISHED RETAIL CORRIDOR
- Chipotle is situated at the hard signalized intersection of Walsingham Rd and 137th St (33,200 VPD)
- Within ½ mile to three high-performing shopping centers anchored by Publix and Walmart Neighborhood Market:
- Major retailers in the immediate area include Publix, Walmart Neighborhood Market, Bealls, Wawa, Starbucks, McDonald’s and more
- Dense population base | Population is more than 78,000 within a 3-mile radius
- Over the last 12 months, Indian Rocks Beach generated 4.9M non-resident visits and 1.6M out-of-market visitors (Placer.ai)
MINS TO INDIAN ROCKS BEACH | TOURISM CROSSOVER | $111,000+ AHHI
- Chipotle is conveniently located 1.5 miles east of Indian Rocks Beach and 1.75 miles west of the Pinellas Trail
- The tourism and residential crossover create consistent traffic throughout the year
- The overall tourism impact in Pinellas County for 2024 was $11.2 billion with more than 15M visitors and 6M+ hotel room nights booked
- Walsingham Rd (SR 688) is a key east-west connector that provides easy access to beaches, major north-south commuter roads, Interstate 275 and Tampa
- Short drives to Clearwater, St Pete, Tampa, St Pete-Clearwater International Airport, Seminole and Pinellas Park
- $111,000+ AHHI and $436,000+ median home value within a 3-mile radius from the Property
Listing Contacts
Listed by TSCG The Shopping Center Group Atlanta
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$218,750.00
$18,229.17/mo
Valuation Metrics
0
DSCR
4.7%
Cap Rate
4.7%
ROI
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Zoning
CG CommercialGeneral CommercialCommercial General
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