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Chipotle
35648 US Highway 27, Haines City, FL 33844
$3,976,000
Cap Rate 4.15%
Summary
| Price $3,976,000 | Built/Renov 2023 | Tenant Chipotle |
| Cap Rate 4.15% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
2,493
| Lease Start
08-02-2023
| #Units
3,224
|
| Price/SF $1,594.87 | Expiration
08-01-2038
| Tenant Type Fast Casual/Rest. |
| NOI $165,000 | R. Term 14.7 | Ownership Fee Simple |
| Rent/SF
$66.19
| Increases 10.0%/5/yrs | Pop 5Mi 72,269 |
| Lot/AC 0.69 | Options 4/5yrs/10% | AHHI 5Mi $69,759 |
| | |
Lease Highlights
- Brand-new 2023 construction
- The tenant signed a new 15-year lease with 4 (5-year) options to extend
- The 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
This newly constructed Chipotle is strategically fronting US Hwy 27 averaging 57,500 vehicles per day. US Hwy 27 is the primary thoroughfare serving the Haines City. This site features the new “Chipotlane” concept, providing ease and convenience for customers. The subject property is near several national/credit tenants such as Wendy’s, AutoZone, Taco Bell, Dollar Tree, Burger King, and more....
...Features
-
New construction
-
Signalized intersection
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Near major nationals
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Highway location
-
Income tax free state
-
Brand new lease
-
Long 15+ yr lease
-
Absolute NNN
-
Corporate Guarantee
-
Publicly traded company
...
Maps
Tenant
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 7,612 | 41,911 | 81,516 |
| 2023 Total Population : | 7,425 | 40,050 | 75,406 |
| 2023 Employed Civilian Pop : | 2,816 | 15,660 | 28,438 |
| 2023 Total Businesses : | 256 | 1,032 | 1,551 |
| 2023 Average Household Income : | $ 64,212 | $ 71,902 | $ 76,514 |
| 2023 Total Consumer Spending : | $ 161 M | $ 891 M | $ 1817 M |
| 2023 Median Age : | 47 | 42 | 46 |
| 2023 Total Households : | 2,851 | 14,095 | 27,108 |
| 2023 Pop Age 25+: Bachelor's Degree : | 531 | 3,849 | 7,940 |
| 2023 Average Home Value : | $ 211,403 | $ 239,553 | $ 239,486 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| US 27 | W Johnson Ave | 2021 | 48,000 | 0.26 mi |
| US 31 | Langston Ave | 2020 | 49,000 | 0.26 mi |
| US Hwy 27 | Southern Dunes Blvd | 2005 | 39,500 | 0.44 mi |
| McKay Drive | Lyle Ave | 2021 | 1,050 | 0.51 mi |
| US-17/US-92 WB | Lyle Ave | 2021 | 3,000 | 0.72 mi |
| US-27 NB | F St | 2021 | 3,800 | 0.73 mi |
| US-17/US-92 WB | TerSt | 2021 | 4,700 | 0.74 mi |
| US 27 | Blue Heron Blvd | 2021 | 57,500 | 0.84 mi |
| US-27 NB | Hwy 17 | 2021 | 4,600 | 0.86 mi |
| US-17/US-92 EB | Hwy 17 | 2021 | 3,100 | 0.86 mi |
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