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Chipotle
4916 E Silver Springs Blvd, Ocala, FL 34470
$3,720,000
Cap Rate 4.15%
Summary
| Price $3,720,000 | Built/Renov 2023 | Tenant Chipotle |
| Cap Rate 4.15% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
2,490
| Lease Start
03-06-2023
| #Units
3,224
|
| Price/SF $1,493.98 | Expiration
03-31-2038
| Tenant Type Fast Casual/Rest. |
| NOI $154,380 | R. Term 14.3 | Ownership Fee Simple |
| Rent/SF
$62.00
| Increases 10.0%/5/yrs | Pop 5Mi 77,066 |
| Lot/AC 1.01 | Options 4/5yrs/10% | AHHI 5Mi $85,242 |
| | |
Lease Highlights
- Brand-new 2023 construction
- Chipotle has 14+ years remaining on the current lease term with 4 (5-year) options to extend
- Lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
- Absolute NNN | Zero landlord responsibilities
- Corporate guarantee by Chipotle Mexican Grill, Inc. (NYSE: CMG)
Location Description
Chipotle is strategically located with excellent visibility and multiple points of ingress and egress along E. Silver Springs Blvd which features 26,200 vehicles passing by daily. It is just steps from the signalized intersection at NE. 49th Court Rd., and is an Aldi anchored outparcel. Neighboring tenants at the ALDI anchored center include Aspen Dental, AT&T, GameStop, AYR Cannabis, Subway...
...Features
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New construction
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Strategically located
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Highway location
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Top 100 MSA
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Affluent suburb location
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Income tax free state
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Brand new lease
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Absolute NNN
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Long 10+ yr lease
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Publicly traded company
...
Maps
Tenant
- Tenant: Chipotle
- Guarantor:Corp Traded
- Company:Chipotle Mexican Grill, Inc.
- # Units:3,224
- Stock:NYSE: CMG
About Tenant
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...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,240 | 32,049 | 75,322 |
| 2023 Total Population : | 4,154 | 32,687 | 77,066 |
| 2023 Employed Civilian Pop : | 2,134 | 15,095 | 35,350 |
| 2023 Total Businesses : | 184 | 1,354 | 4,136 |
| 2023 Average Household Income : | $ 66,821 | $ 79,040 | $ 85,242 |
| 2023 Total Consumer Spending : | $ 115 M | $ 977 M | $ 2332 M |
| 2023 Median Age : | 54 | 49 | 45 |
| 2023 Total Households : | 1,961 | 14,169 | 31,462 |
| 2023 Pop Age 25+: Bachelor's Degree : | 642 | 3,879 | 9,677 |
| 2023 Average Home Value : | $ 161,706 | $ 206,648 | $ 233,834 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| East Silver Springs Boulevard | NE 49th Ave | 2021 | 21,758 | 0.13 mi |
| E Silver Springs Blvd | NE 49th Ter | 2008 | 26,200 | 0.17 mi |
| E Silver Springs Blvd | Silver Spring Airport Rd | 2005 | 24,000 | 0.35 mi |
| Northeast 58th Avenue | NE 24th St | 2021 | 12,200 | 0.82 mi |
| Northeast 58th Avenue | NE 24th St | 2022 | 15,800 | 0.82 mi |
| NE 55th Ave | NE 30th St | 2008 | 7,400 | 0.85 mi |
| E Silver Springs Blvd | NE 56th Ave | 2004 | 14,700 | 0.85 mi |
| Northeast 35th Street | NE 47th Ave | 2022 | 6,400 | 0.97 mi |
| E Silver Springs Blvd | NE 14th St | 2004 | 23,146 | 1.02 mi |
| East Silver Springs Boulevard | NE 60th Ct | 2021 | 13,000 | 1.11 mi |
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