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Chipotle | Tampa FL MSA 7100 Park Blvd N 2,493 SF Retail Building Pinellas Park, FL 33781 $5,000,000 ($2,005.62/SF) 4.50% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Corporate Guaranty | Brand New Construction | Scheduled Rental Increases
- Located in Heart of St. Pete | Premier Pinellas Park Retail Corridor | Supported by Dense Educational District
- Absolute NNN Structure | Fee Simple | No State Income Tax
- Local Demographics 5-Mile Trade Area
Executive Summary
• Chipotle recently signed a brand new 15-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 4,000 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 4,000 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
2,493 SF
Building Class
B
Year Built
2026
Price
$5,000,000
Price Per SF
$2,005.62
Cap Rate
4.50%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.75 AC
Zoning
CH - Commercial Heavy
Parking
27 Spaces (10.83 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-30-16-03816-000-0380 | Improvements Assessment | $0 |
| Land Assessment | $681,046 | Total Assessment | $681,046 |
Property Taxes
Parcel Number
30-30-16-03816-000-0380
Land Assessment
$681,046
Improvements Assessment
$0
Total Assessment
$681,046
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Chipotle | Tampa FL MSA | 7100 Park Blvd N
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