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Inverness, FL - Chipotle

$3,999,000

911 W Main St, Inverness, FL 34450

Active
Last Updated: 01/10/2025

4.55

Cap Rate

182,000

NOI

Details:
Cap Rate:    4.55%
NOI:    $182,000
Building Size:    2,493 sqft
Lot Area:    0.94 acres
Year Built:    2023
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

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Today's Available Mortgage Rates

911 W Main St, Inverness, Florida 34450

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 05/30/2025
BankLender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$12,064 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 47% LTV $0 Lender fees
Loan Amount $1,879,530 Loan Amount
BankLender #1459
7 Year Fixed
25 Year Amortization
Interest rate 6.08% 7 Year Fixed
Mo. Payment$12,462 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 48% LTV $0 Lender fees
Loan Amount $1,919,520 Loan Amount
BankLender #1459
10 Year Fixed
25 Year Amortization
Interest rate 6.08% 10 Year Fixed
Mo. Payment$12,462 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 48% LTV $0 Lender fees
Loan Amount $1,919,520 Loan Amount
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