Palm Bay, 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 3,700 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period

• Located at the signalized, hard corner intersection of Emerson Dr. NE and Malabar Rd. SE averaging a combined 59,000 VPD
• 1.2 miles West off I-95 (72,500 VPD), allowing users to benefit from on/off ramp access to the site and surrounding trade areas
• The surrounding retailers include Publix, Lowe’s, Walmart Supercenter, and more
• The dense residential neighborhood will provide a steady, consistent consumer base from which to draw