Price $3,500,000 | Built/Renov 2023 | Tenant Chipotle |
Cap Rate 5.00% | Lease Type
Double NN | Guarantor Corp Traded |
Size/SF
2,325
| Lease Start
12-29-2023
| #Units
3,224
|
Price/SF $1,505.38 | Expiration
12-31-2038
| Tenant Type Fast Casual/Rest. |
NOI $175,000 | R. Term 15.0 | Ownership Fee Simple |
Rent/SF
$75.27
| Increases 10.0%/5/yrs | Pop 5Mi 139,754 |
Lot/AC 0.85 | Options 3/5yrs/10% | AHHI 5Mi $132,316 |
| |
Chipotle is strategically positioned on Blaine Ave, which has a daily traffic count of 14,900 vehicles. The property is conveniently located near U.S. Highway 52, where daily traffic averages 55,855 vehicles, and it’s in close proximity to I-494, with a daily traffic count averaging 109,856 vehicles. The surrounding area boasts a variety of neighboring retailers, including HealthPartners, Key...
...New construction
Near major nationals
Strategically located
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Corporate Guarantee
Publicly traded company
Chipotle Mexican Grill, Inc., (NYSE: CMG) often known simply as Chipotle, is an American chain of fast casual restaurants in the U.S., United Kingdom, Canada, Germany, and France, specializing in...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 10,695 | 62,211 | 144,657 |
2023 Total Population : | 10,531 | 60,378 | 141,155 |
2023 Employed Civilian Pop : | 5,440 | 31,137 | 74,465 |
2023 Total Businesses : | 250 | 1,804 | 3,858 |
2023 Average Household Income : | $ 97,687 | $ 97,501 | $ 116,160 |
2023 Total Consumer Spending : | $ 385 M | $ 2127 M | $ 5593 M |
2023 Median Age : | 37 | 41 | 40 |
2023 Total Households : | 4,528 | 25,296 | 56,168 |
2023 Pop Age 25+: Bachelor's Degree : | 1,315 | 10,766 | 27,369 |
2023 Average Home Value : | $ 336,731 | $ 359,906 | $ 385,525 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Blaine Avenue | Upper 55th St E | 2022 | 5,700 | 0.02 mi |
Upper 55th Street East | Cenex Dr | 2022 | 9,200 | 0.11 mi |
Upper 55th St E | Blackshire Path | 2019 | 9,200 | 0.15 mi |
Blaine Avenue East | Blackshire Path | 2022 | 4,900 | 0.15 mi |
Upper 55th St E | Blackshire Path | 2014 | 8,900 | 0.16 mi |
Blaine Ave | Bovey Ave E | 2019 | 5,700 | 0.21 mi |
Bishop Ave | 2022 | 4,383 | 0.24 mi | |
Upper 55th St E | 2022 | 59,199 | 0.27 mi | |
Upper 55th St E | 2022 | 4,954 | 0.32 mi | |
Blackberry Trl E | 2022 | 1,620 | 0.33 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]