Chipotle Mexican Grill | 2300 E Burleigh Blvd
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Chipotle Mexican Grill 2300 E Burleigh Blvd
2,497 SF Retail Building Eustis, FL 32726 £3,243,666 (£1,299/SF) 4.50% Net Initial Yield
Investment Highlights
- CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- POSITIONED IN A STRONG RETAIL NODE - 830k square feet of retail space located within a 1 - mile radius of the site
- FRONTING BUSY THOROUGHFARE WITH CROSS ACCESS
Executive Summary
STRONG LEASE FUNDAMENTALS
- 15 Year Abs. NNN Lease with zero landlord responsibilities
- Four (4) five (5) year extensions remaining
- 10% Increases every 5 years in base rent and extension periods
POSITIONED IN A STRONG RETAIL NODE
- 830k square feet of retail space located within a 1 - mile radius of the site
- Nearby retailers include: Publix Supermarket, Big Lots, a Chevrolet dealership, and many restaurants
NEW CONSTRUCTION WITH GREAT VISIBILITY & ACCESSIBILITY
- New construction build-to-suit Chipotle with a drive-through “Chipotlane”
- Multiple points of egress and ingress
- Located on the main retail corridor in Eustis along E Burleigh Blvd (56,500 VPD)
CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- Chipotle has a Market Cap of $82B (NYSE: CMG) with over 3,200+ locations across the country
- Chipotle opened 270 new restaurants in 2023 with 110 of those locations utilizing a Chipotlane
LOCATED NEAR MAJOR HOSPITAL
- 1-Mile from the Advent Health Waterman
- This hospital has 300 beds and around 2k employees
- This location also treats around 14,000 inpatients a year and over 65,000 patients in the emergency department
FRONTING BUSY THOROUGHFARE WITH CROSS ACCESS
- Site is located off of E Burleigh Blvd which has an average vehicles per day of over 50k
- More than 1.3M square feet of commercial space in a one mile radius of subject site
- 15 Year Abs. NNN Lease with zero landlord responsibilities
- Four (4) five (5) year extensions remaining
- 10% Increases every 5 years in base rent and extension periods
POSITIONED IN A STRONG RETAIL NODE
- 830k square feet of retail space located within a 1 - mile radius of the site
- Nearby retailers include: Publix Supermarket, Big Lots, a Chevrolet dealership, and many restaurants
NEW CONSTRUCTION WITH GREAT VISIBILITY & ACCESSIBILITY
- New construction build-to-suit Chipotle with a drive-through “Chipotlane”
- Multiple points of egress and ingress
- Located on the main retail corridor in Eustis along E Burleigh Blvd (56,500 VPD)
CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- Chipotle has a Market Cap of $82B (NYSE: CMG) with over 3,200+ locations across the country
- Chipotle opened 270 new restaurants in 2023 with 110 of those locations utilizing a Chipotlane
LOCATED NEAR MAJOR HOSPITAL
- 1-Mile from the Advent Health Waterman
- This hospital has 300 beds and around 2k employees
- This location also treats around 14,000 inpatients a year and over 65,000 patients in the emergency department
FRONTING BUSY THOROUGHFARE WITH CROSS ACCESS
- Site is located off of E Burleigh Blvd which has an average vehicles per day of over 50k
- More than 1.3M square feet of commercial space in a one mile radius of subject site
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,497 SF
Building Class
B
Year Built
2024
Price
£3,243,666
Price Per SF
£1,299
Net Initial Yield
4.50%
NOI
£145,965
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
1.24 AC
Zoning
PD
Frontage
113 ft on E Burleigh Ave
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Chipotle Mexican Grill
- Accommodation and Food Services
- 2,497 SF
- -
- Triple Net
- Nov 2039
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Chipotle Mexican Grill | Accommodation and Food Services | 2,497 SF | - | Triple Net | Nov 2039 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 22-19-26-0003-000-04700 | Improvements Assessment | £663,559 |
| Land Assessment | £621,988 | Total Assessment | £1,285,547 |
PROPERTY TAXES
Parcel Number
22-19-26-0003-000-04700
Land Assessment
£621,988
Improvements Assessment
£663,559
Total Assessment
£1,285,547
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David Hoppe -
Ben McCarter -
Ben Olmstead -
Atlantic Capital Partners
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Chipotle Mexican Grill | 2300 E Burleigh Blvd
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