Lakeland, FL - Chipotle

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 4,200 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period

• National retailers in the immediate trade consist of Walmart Supercenter, The Home Depot, Publix, Starbucks, Chick-fil-A, Culver’s, Taco Bell, Aldi, Zaxby’s, Pizza Hut, Subway, and more
• Lakeland Regional Health is developing a new $25 million emergency facility near
S. Florida Ave and CR 540a, adding significant healthcare investment, employment, and daily traffic to the rapidly expanding South Lakeland corridor (Article)
• BayCare is expanding along S. Florida Ave with a new 12,000 SF freestanding pediatric emergency department, strengthening South Lakeland’s healthcare corridor (Article)
• New retail development in the immediate trade area consisting of tenants such as Aldi, Planet Fitness, Ellianos Coffee, CAVA, and Wild Fork reinforcing the corridor’s growing appeal to national retailers and restaurant operators (Article) (Article)

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Listing ID: a28TP0000045TDZYA2