St Cloud, 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 4,000 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period

• Located near the signalized, hard corner intersection of Canoe Creek Road and Nolte Road combined traffic count of 37,600 VPD
• The new Florida Turnpike connection onto Nolte Road is expected to materially improve both accessibility and traffic consistency to the site
• Part of a larger retail development that features Wawa (Lot 1), McDonald’s (Lot 2), Sud Stop Car Wash (Lot 3), Chipotle (Lot 4), Dutch Bros (Lot 5), Heartland Dental (Lot 5), a multi-tenant strip (Lot 5), and future retail on Lot 7
• The adjacent Walmart Neighborhood Market ranks in the 81st percentile (122 out of 672) of all nationwide locations via Placer.ai
• Close proximity to Crossprairie, a 1,400-acre master-planned community with over 5,000 homes and 1M+ SF of commercial/office space (Article)
• Adjacent to Steven’s Crossing, a new development with Walmart Neighborhood Market, Heartland Dental, Kiddie Academy, a 7-tenant strip, and more

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