Property Highlights
- Trophy “Chipotlane” drive-thru at high-profile signalized intersection (41,000 cars per day) in top Florida growth market
- 15-Year Absolute Net corporately guaranteed lease provides passive ownership and stable cash flow
- Chipotle is one of the World’s most favored fast-casual restaurants with over 3,200 restaurants and $8.6 billion in revenue
- Rare stand-alone parcel without co-tenancy and tenant use restrictions
- Shared traffic signal with regional destinations, Home Depot and Crunch Fitness
- $130,000 AHHI in immediate trade area with 109,000 people in 5 miles
- 10% rental increases every 5 years provide income growth and hedge against inflation
- Fee simple ownership allows for depreciation of the building boosting after tax returns
- Latest prototype on large 1.13 acre parcel
- Excellent underlying real estate fundamentals with full access and visibility to 41,000 cars per day along Wickham Rd.
- Florida has no state income tax and in 2022 ranked as the fastest growing state in the US with nearly 10,000 people moving to the Sunshine State every week