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Riverview, FL - Chipotle

$3,666,000

10393 Big Bend Road, Riverview, FL 33578

Active
Last Updated: 02/21/2025

4.25

Cap Rate

155,813

NOI

Details:
Cap Rate:    4.25%
NOI:    $155,813
Building Size:    2,493 sqft
Lot Area:    0.58 acres
Year Built:    2024
Zoning:    PD: Planned Development
Description:

• Chipotle recently signed a rare 20-year lease with 3 (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 3,700 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period

• Off signalized, hard corner intersection of 301 and Big Bend Rd averaging a combined 89,500 VPD
• Just East off I-75 (147,000 VPD), allowing users to benefit from direct on/off ramp access to the site and surrounding trade areas
• Part of a larger shopping center anchored by Walmart Neighborhood Market & Sam’s Club that features other retailer such as Firestone, Chase Bank, Burger King, Walgreens, and more
• Sam’s Club ranks in the 73rd percentile (148 out of 563) of all nationwide locations via Placer.ai
• Walmart ranks in the 75th percentile (165 out of 677) of all nationwide locations via Placer.ai
• Adjacent to Summerfield Crossings, a Publix-anchored shopping center that ranks in the 99th percentile (79 out of 11,326) of all nationwide neighborhood centers via Placer.ai

Map:
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