Inverness, FL - Chipotle

Description:

• The tenant has 14+ years remaining with 4 (5-Year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate signed by Chipotle Mexican Grill, Inc., a leading fast-casual Mexican restaurant chain in the U.S. with over 3,400 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
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• Zero landlord responsibilities
• Investor benefits from fee-simple ownership of the building and land
• Ideal management-free investment for a passive investor in a state with no state income tax

• Robust market in the growing corridors between Tampa, Ocala and the Villages
• Limited competition for casual dining, creating a large consumer draw from the immediate trade area
• Subject property is strategically located at the signalized intersection of W. Main Street and US Hwy 41, averaging a combined 57,200 vehicles passing by daily
• Positioned directly across to the brand-new Publix Super Market Plaza Inverness with tenants including Panera Bread, Mattress One, AT&T, and more
• The Publix ranks in the top 78% (284 out of 1,323) of all nationwide locations according to Placer.ai
• This site is part of the new “Chipotlane” concept, providing ease and convenience for customers
• More than 33,200 residents and 12,400 employees support the trade area
• Features an average household income of $58,489
• Inverness is currently growing at a rate of 1.07% annually and its population has increased by 4.42% since the most recent census