Spring Hill, FL - Chipotle

Description:

• Chipotle recently signed a rare 20-year lease with 4 (5-Year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded
(NYSE: CMG) and nationally recognized tenant with over 3,500 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation

• The asset is part of Seven Hills Center, a neighborhood center anchored by Publix that features tenants such as Starbucks, UPS, Mavis, and more
• Half a mile West of Tampa General Hospital Spring Hill (124-beds), providing a steady consumer base from which to draw
• The site is surrounded by several neighborhoods, providing additional consumer traffic to the subject property
• The asset has excellent visibility and multiple points of ingress/egress