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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
(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
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
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- Accommodation and Food Services
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99,999 SF
- -
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Lorem Ipsum
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Jan 0000
Chipotle Mexican Grill began in 1993 as a fast-casual restaurant chain built around burritos and tacos, and the business has grown into a broader Mexican-inspired menu that also includes bowls, quesadillas, and salads. Chipotle Mexican Grill owns and operates restaurants and supports digital ordering, delivery or pickup, catering, group ordering, rewards, and other guest-facing services through its consumer channels. Chipotle Mexican Grill's purpose centers on cultivating a better world, with values tied to real ingredients, responsible sourcing, and an employee culture built around respect and inclusion. The company continues to expand its restaurant footprint, and digital sales remain a meaningful part of revenue.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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
