Price $3,448,276 | Built/Renov 2023 | Tenant Chipotle |
Cap Rate 4.35% | Lease Type
Abs NNN | Guarantor Corp Traded |
Size/SF
2,325
| Lease Start
12-01-2023
| #Units
3,224
|
Price/SF $1,483.13 | Expiration
11-30-2038
| Tenant Type Fast Casual/Rest. |
NOI $150,000 | R. Term 14.11 | Ownership Fee Simple |
Rent/SF
$64.52
| Increases 10.0%/5/yrs | Pop 5Mi 304,858 |
Lot/AC 1.05 | Options 4/5yrs/10% | AHHI 5Mi $91,366 |
| |
This newly constructed Chipotle is situated off Beach St, which sees a daily traffic count of 30,000 vehicles. The property is located within the Fossil Creek Plaza, a retail area spanning over 86 acres and home to anchor tenants such as Kroger, Albertsons, Walgreens, and more. Just north of this location, there are over 440 acres of industrial and office spaces, with convenient access to...
...New construction
Dense retail corridor
Freeway close
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
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 : | 19,907 | 127,280 | 310,727 |
2023 Total Population : | 19,472 | 126,022 | 306,944 |
2023 Employed Civilian Pop : | 10,885 | 68,620 | 158,698 |
2023 Total Businesses : | 371 | 2,963 | 8,203 |
2023 Average Household Income : | $ 89,216 | $ 96,953 | $ 102,958 |
2023 Total Consumer Spending : | $ 622 M | $ 3875 M | $ 9495 M |
2023 Median Age : | 34 | 34 | 34 |
2023 Total Households : | 7,953 | 46,015 | 106,590 |
2023 Pop Age 25+: Bachelor's Degree : | 2,999 | 18,930 | 47,761 |
2023 Average Home Value : | $ 302,371 | $ 276,078 | $ 287,573 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Western Center Blvd | Spoonwood Ln | 2009 | 26,631 | 0.18 mi |
N Beach St | Masters Dr E | 2009 | 31,550 | 0.20 mi |
N Beach St | Western Center Blvd | 2009 | 35,087 | 0.22 mi |
Western Center Blvd | Silver Sage Dr | 2009 | 26,076 | 0.26 mi |
Silver Sage Dr | Judith Way | 2009 | 5,400 | 0.34 mi |
Silver Sage Dr | Western Center Blvd | 2009 | 4,940 | 0.36 mi |
N Beach St | Paula Ridge Ct | 2009 | 32,420 | 0.47 mi |
Fall Creek Dr | Falcon Ridge Dr | 2009 | 3,160 | 0.48 mi |
Silver Sage Dr | China Rose Dr | 2000 | 4,363 | 0.52 mi |
Fossil Creek Boulevard | Fossil Creek Blvd | 2021 | 3,685 | 0.62 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]