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Chipotle - Brooksville FL 1185 S Broad St 2,274 SF Retail Building Brooksville, FL 34601 $4,356,000 ($1,915.57/SF) 4.50% Cap Rate
Investment Highlights
- New 15-Year Lease | Corporate Guaranty | Drive-Thru Equipped | 2026 Build-to-Suit Remodel | Scheduled Rental Increases
- Brooksville Growth Corridor | Redevelopment Momentum | Surrounded by Major National Retailers
- Local Demographics 5-Mile Trade Area
- Absolute NNN Lease | Fee Simple Ownership (Land & Building) | No Landlord Responsibilities | No State Income Tax
- Excellent Frontage Visibility | Multiple Points of Access Highly Trafficked Corridor
Executive Summary
• Chipotle recently signed a brand new 15-year lease with 4 (5-year) options to extend
• The remodel will feature Chipotle’s new prototype and be equipped with a Chipotlane, Chipotle’s exclusive mobile-order drive-thru lane, built to the tenant’s specific needs
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded
(NYSE: CMG) and nationally recognized tenant with over 4,100 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• The remodel will feature Chipotle’s new prototype and be equipped with a Chipotlane, Chipotle’s exclusive mobile-order drive-thru lane, built to the tenant’s specific needs
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded
(NYSE: CMG) and nationally recognized tenant with over 4,100 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
Fast Food
Building Size
2,274 SF
Building Class
B
Year Built
2026
Price
$4,356,000
Price Per SF
$1,915.57
Cap Rate
4.50%
NOI
$196,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.01 AC
Zoning
C2
Parking
38 Spaces (16.71 Spaces per 1,000 SF Leased)
Frontage
164’ on South Broad Street
Amenities
- Pylon Sign
- Restaurant
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R28-422-19-0000-0070-0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $839,369 |
Property Taxes
Parcel Number
R28-422-19-0000-0070-0020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$839,369
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