Ocala, FL - Chipotle

Description:

• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded (NYSE: CMG) and nationally recognized tenant with over 3,250 locations
• New 15-year lease that commenced in March of 2023
• There are 4 (5-year) option periods to extend
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period

• Adjacent to the subject property is a Walmart Supercenter
• The Walmart Supercenter, spanning approximately 191,700 square feet, ranks in the 85th percentile among all Walmart stores in the state of Florida (Placer.AI)
• Chipotle is positioned in front of an ALDI, allowing it to benefit from grocery-anchored traffic generation
• Other notable, national credit and big box retailers in the immediate trade area includes Lowe’s, Beall’s, ROSS, Burger King, Circle K, Arby’s and many others
• Neighboring tenants at the ALDI anchored center are Aspen Dental, AT&T, GameStop, AYR Cannabis, Subway and a few others