Chipotle Mexican Grill

8301 N Dale Mabry Hwy, Tampa, FL 33614

$3,614,000

Cap Rate 4.15%

Updated: 08.21.23 Posted: 01.31.23 Status: Sold

Summary

Price $3,614,000	Built/Renov 2022	Tenant Chipotle Mexican Grill
Cap Rate 4.15%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 2,500	Lease Start 12-06-2022	#Units 3,224
Price/SF $1,445.60	Expiration 12-05-2037	Tenant Type Fast Casual/Rest.
NOI $150,000	R. Term 12.7	Ownership Fee Simple
Rent/SF $60.00	Increases 10.0%/5/yrs	Pop 5Mi 307,515
Lot/AC 0.76	Options 4/5yrs/10%	AHHI 5Mi $78,348

Lease Highlights

Brand new 2022 construction
The tenant recently signed a brand new 15-year lease with 4 (5-year) options to renew
Lease features 10% rental escalations every 5 years throughout the initial term and at each option
Absolute NNN lease zero landlord responsibilities
Corporate guarantee by Chipotle Mexican Grill, Inc. (NYSE: CMG)

Location Description

Chipotle is strategically located along North Dale Mabry Highway which sees over 70,500 vehicles per day. The property is approximately 4 miles from interstate 275, a primary North-South thoroughfare with over 188,000 VPD. The asset is located in a dense retail corridor with national/credit tenants including Game Stop, Burger King, Wawa, Walmart, Aldi, Dollar Tree, 711 and many more. The...

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Key Features

New construction
High traffic 50M+ VPD
Highway location
Top 100 MSA
Income tax free state
Brand new lease
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Publicly traded company

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Links

Chipotle Wikipedia Chipotle Wikipedia Tampa, Florida Zip Code 33614 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	21,006	102,235	306,758
2023 Total Population :	20,941	103,046	307,131
2023 Employed Civilian Pop :	12,052	57,247	165,944
2023 Total Businesses :	1,123	7,308	17,880
2023 Average Household Income :	$ 65,592	$ 78,024	$ 80,241
2023 Total Consumer Spending :	$ 493 M	$ 2852 M	$ 8622 M
2023 Median Age :	36	40	39
2023 Total Households :	8,563	41,837	123,135
2023 Pop Age 25+: Bachelor's Degree :	2,954	15,539	47,931
2023 Average Home Value :	$ 301,577	$ 358,813	$ 360,472

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Dale Mabry Hwy	W Waters Ave	2019	70,500	0.03 mi
W Waters Ave	N Dale Mabry Hwy	2011	32,994	0.11 mi
W Waters Ave	N Dale Mabry Hwy	2011	45,888	0.16 mi
N Dale Mabry Hwy	W Waters Ave	2016	67,000	0.20 mi
N Dale Mabry Hwy	W Kirby St	2016	68,500	0.31 mi
FL 580	W Kirby St	2021	64,500	0.41 mi
N Himes Ave	Grand Cayman Dr	2017	14,521	0.46 mi
N Himes Ave	W Broad St	2013	15,000	0.56 mi
North Dale Mabry Highway	Foxcroft Dr	2021	64,000	0.56 mi
W Waters Ave	Camden St	2011	45,888	0.62 mi

Listing Broker

Patrick Nutt

SRS National Net Lease Group

Contact

262 Listings
48344 Views
117 Sold

William Wamble

SRS National Net Lease Group

Contact

186 Listings
38520 Views
69 Sold

Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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