North Port, FL - Chipotle
$4,550,000
1275 Sun Market Place, North Port, FL 34288
4.51
Cap Rate
205,000
NOI
Details:
Description:
• Chipotle recently signed a brand new 15-year lease with 4 (5-year) options to extend
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded
(NYSE: CMG) and nationally recognized tenant with over 4,100 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• The subject property is located directly across from a freestanding ALDI market
• The subject is nearby Publix-anchored Shops at Price Crossing, Wawa service station, and Tommy’s Express Car Wash
• Chipotle directly abuts Flats at Sundown apartments (224 units) and is near Palm Port apartments (125 units), and EKOS Arbor Park (136 units) providing a direct residential consumer base
Location
Gallery