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Chipotle | Largo, FL (St Pete-Clearwater) 13677 Walsingham Rd 3,441 SF Retail Building Largo, FL 33774 $4,605,000 ($1,338.27/SF) 4.75% Cap Rate
Investment Highlights
- New 15-Year Lease | Corporate Guaranty (NYSE: CMG) | Drive-Thru Equipped | 2025 Renovation
- Excellent Visibility & Access on Walsingham Road (39,000 VPD) | Dense QSR Corridor | National Co-Tenancy & Grocery Anchors
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Radius | Tampa-St. Petersburg MSA
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed
(NYSE: CMG), newly renovated Chipotle investment property located in Largo, Florida (Tampa-St. Petersburg MSA). The tenant, Chipotle Mexican Grill of Colorado, LLC, recently signed a new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Chipotle is one of the nation’s largest and most recognizable fast-casual restaurant brands, operating more than 3,700 company-owned restaurants across the United States. The site is equipped with a drive-thru, providing further ease and convenience for consumers.
(NYSE: CMG), newly renovated Chipotle investment property located in Largo, Florida (Tampa-St. Petersburg MSA). The tenant, Chipotle Mexican Grill of Colorado, LLC, recently signed a new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Chipotle is one of the nation’s largest and most recognizable fast-casual restaurant brands, operating more than 3,700 company-owned restaurants across the United States. The site is equipped with a drive-thru, providing further ease and convenience for consumers.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,441 SF
Building Class
B
Year Built/Renovated
2004/2025
Price
$4,605,000
Price Per SF
$1,338.27
Cap Rate
4.75%
NOI
$218,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.61 AC
Zoning
CG - Commercial General
Parking
19 Spaces (5.52 Spaces per 1,000 SF Leased)
Frontage
160’ on Walsingham Road
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Chipotle Mexican Grill began in 1993 when Steve Ells opened a restaurant in Denver, Colorado. The company focuses on burritos, tacos, bowls, and salads made with fresh ingredients. Customers can customize their orders while watching the food preparation. Chipotle operates thousands of locations internationally and emphasizes using real food without artificial additives. The chain has grown substantially since its founding and remains a major player in the fast-casual dining industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-30-15-46619-000-0010 | Improvements Assessment | $488,895 |
| Land Assessment | $381,105 | Total Assessment | $870,000 |
Property Taxes
Parcel Number
08-30-15-46619-000-0010
Land Assessment
$381,105
Improvements Assessment
$488,895
Total Assessment
$870,000
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