Lehigh Acres, 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
• 2025 new construction Chipotlane

• Chipotle is part of a larger retail development with ALDI, Starbucks, Tires Plus, Aspen Dental, and more
• Lee Blvd (52,000 VPD) is a strong retail corridor serving the city of Lehigh Acres with several national retailers
• The adjacent Walmart ranks in the 95th percentile (192 out of 3,882) of all nationwide locations via Placer.ai
• Lehigh Acres currently has 38 active developments, encompassing over 2.6 million square feet of commercial space