Wesley Chapel, FL - Chipotle

Description:

• Chipotle recently signed a rare 20-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

• Fronting FL-54 (32,500 VPD), a major Tampa MSA East/West retail and commuter thoroughfare from New Port Richey to Zephyrhills
• Surrounding national/credit tenants include Taco Bell, Family Dollar, Home Depot, and many more
• Adjacent to Summertree Plaza, anchored by Publix, which ranks in the 90th percentile (6,743 out of 68,367) of all nationwide grocery locations via Placer.ai
• The Home Depot across the street ranks in the 72nd percentile (543 out of 1,984) of all nationwide locations via Placer.ai
• There are surrounding residential & multifamily that will provide additional consumer bases such as Wyndrush Creek townhomes, The Columns
at Cypress Point apartments, and Hamlet Avalon Park multifamily and townhomes

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000001fbsfYAA