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Chipotle - Ocala (Belleview) FL 10356 SE US Highway 441 2,492 SF 4-Star Retail Building Belleview, FL 34420 $3,957,900 ($1,588.24/SF) 4.75% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Corporate Guaranty | New Construction |Scheduled Rental Increases | Leading Fast-Casual Chain
- Fronting US-441 | Part of Larger Retail Development | Belleview Regional Center | Surrounding New Retail Development
- Absolute NNN Lease | Fee Simple Ownership (Land & Building) | Zero Landlord Responsibilities | No State Income Tax
- Local Demographics in 5-Mile Trade Area
Executive Summary
• Chipotle recently signed a brand new 15-year lease with 4 (5-year) options to extend
• 2025 construction
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded (NYSE: CMG) and nationally recognized tenant with over 3,700 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• 2025 construction
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded (NYSE: CMG) and nationally recognized tenant with over 3,700 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,492 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$3,957,900
Price Per SF
$1,588.24
Cap Rate
4.75%
NOI
$188,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.33 AC
Zoning
B-4 - General Business (arterial)
Parking
26 Spaces (10.43 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 37211-003-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $665,695 |
Property Taxes
Parcel Number
37211-003-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$665,695
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Chipotle - Ocala (Belleview) FL | 10356 SE US Highway 441
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