Chipotle & Sage Dental | Titus Landing Outparcel

Highlights:

• 2022 New Construction
• 100% Leased to Chipotle & Sage Dental – National brands with long-term NNN leases
• Dual NNN Lease Structure – Minimal landlord responsibilities
• Contractual 10% Rent Escalations – Built-in NOI growth through 2028
• Current NOI: $252,638 – Increases to $277,920 by 2028
• Current 5.61% Cap Rate – Grows to 6.18% by 2028 at the offering price
• Fee Simple Absolute Ownership – No existing financing to assume
• Outparcel to Titus Landing – Premier regional retail destination
• Located in Florida's Space Coast – One of the nation's fastest-growing aerospace and technology markets

Description:

Modern 2022 construction, institutional-quality tenancy, and built-in contractual NOI growth combine to create a compelling dual-tenant net lease investment, strategically positioned as an outparcel to Titus Landing, the Space Coast's premier shopping, dining, and entertainment destination.

The 6,150-square-foot retail building is 100% leased to Chipotle Mexican Grill and Sage Dental under long-term NNN leases, providing investors with stable cash flow and minimal day-to-day ownership responsibilities. The investment is supported by Chipotle's corporate guaranty and Sage Dental Management, LLC's lease guaranty, supporting a diversified income stream backed by two nationally recognized brands.

Unlike many stabilized net lease investments that generate flat cash flow for extended periods, this property benefits from contractual 10% rent escalations already built into both leases. Current annual NOI of $252,638 increases to $262,958 in 2027 and $277,920 in 2028, increasing the investor's yield from 5.61% today to 6.18% at the current offering price—without relying on lease renewals, market rent assumptions, or future redevelopment.

Situated on approximately 1.05 acres with high-visibility frontage along U.S. Highway 1 (South Washington Avenue), the property benefits from exceptional accessibility and exposure as an outparcel to Titus Landing, a premier regional lifestyle center featuring nationally recognized retailers, restaurants, and entertainment destinations.

Located in the heart of Florida's Space Coast, Titusville continues to benefit from sustained employment and economic growth driven by the aerospace, defense, and advanced manufacturing sectors. Major employers—including NASA, Kennedy Space Center, SpaceX, Blue Origin, and L3Harris Technologies—continue to fuel population growth, consumer spending, and long-term retail demand throughout the region.

Combining modern construction, contractual income growth, institutional-quality tenancy, and a premier retail location, this offering presents investors with a compelling opportunity to acquire a high-quality, low-management net lease asset designed to deliver stable cash flow and growing income for years to come.

Located in the heart of Florida's Space Coast, Titusville continues to benefit from sustained employment and economic growth driven by aerospace, defense, advanced manufacturing, and technology employers. NASA, Kennedy Space Center, SpaceX, Blue Origin, and L3Harris Technologies continue to fuel employment growth, population expansion, and long-term retail demand throughout the region.

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