Pensacola, 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 3,800 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period

• Chipotle is strategically located as an outparcel to the new 40+ AC Ransley Station devleopment that will feature The Waters at Ransley Phase 1 (336-units), Multi-Family Phase 2 (294-units), Homewood Suites, as well as proposed retail, office, and medical users
• Ideally positioned off Interstate 10 (81,500 VPD), allowing for users to benefit from direct on/off ramp access to the subject property, Ransley Station development, and surrounding FL panhandle trade areas
• The surrounding retailers supporting the immediate trade area are Walmart Neighborhood Market, Publix, Wendy’s, Starbucks, and more
• The Publix just North of the subject site ranks in the top 70% (396 out of 1,317) of all locations nationwide
• Across from Avalon Apartments (276-units), providing another consumer base from which to draw

---

Report Listing This listing was syndicated through:

Listing ID: a28TP0000028zGTYAY