Melbourne, 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 drive NOI growth and provide a built-in hedge against inflation
• 2026 construction will feature the latest Chipotle prototype with modern finishes and an optimized drive-thru layout

• The property benefits from prominent frontage along U.S. Hwy 192 (32,500 VPD), just steps from its intersection with I-95 (101,500 VPD), offering excellent accessibility from two of Melbourne’s key transportation corridors
• Situated within Melbourne’s primary retail corridor, alongside national brands such as Sam’s Club, Zaxby’s, and Dunkin’, all within a two-mile radius of the property
• These established retailers drive consistent consumer traffic to the area and support strong shopping activity at the subject site
• Located within Space Coast Town Center, a 225-acre master-planned mixed-use development thoughtfully integrating retail, multifamily, and office uses to create a cohesive live / work / play environment
• Integra Station (300 apartments), located directly adjacent to the subject property, represents one of the first residential phases delivered, with the project approved for approximately 3,000 total residential units at full buildout

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Listing ID: a28TP000002LFR7YAO