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Chipotle - Tampa (Wesley Chapel) FL 34120 Wesley Chapel Blvd 2,350 SF Retail Building Wesley Chapel, FL 33543 $4,822,000 ($2,051.91/SF) 4.50% Cap Rate
Investment Highlights
- Rare 20-Year Lease | 10% Rental Increases | 4 (5-Year) Options |Corporate Guaranty
- Fronting FL-54 (32,500 VPD) | Surrounding Retailers | Adjacent to Summertree Plaza | Brand New Construction | Surrounding Residential
- New Developments - Pasco County / Wesley Chapel
- Absolute NNN Lease | Fee Simple Ownership (Land & Building) |Zero Landlord Responsibilities | No State Income Tax
- Local Demographics & Trade Area | Population Growth | High-Growth Tampa Sub-Market
Executive Summary
• Chipotle recently signed a rare 20-year lease with 4 (5-year) options to extend
• 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
• 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
2,350 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,822,000
Price Per SF
$2,051.91
Cap Rate
4.50%
NOI
$217,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.72 AC
Zoning
PD - Planned Development
Parking
21 Spaces (8.94 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-26-21-0000-01700-0030 | Improvements Assessment | $167,586 |
| Land Assessment | $374,788 | Total Assessment | $542,374 |
Property Taxes
Parcel Number
18-26-21-0000-01700-0030
Land Assessment
$374,788
Improvements Assessment
$167,586
Total Assessment
$542,374
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Chipotle - Tampa (Wesley Chapel) FL | 34120 Wesley Chapel Blvd
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