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Chipotle 17971 Dale Mabry hwy 2,493 SF 100% Leased Retail Building Lutz, FL 33548 $7,076,989 CAD ($2,838.74 CAD/SF) 4.30% Cap Rate
INVESTMENT HIGHLIGHTS
- The lease is corporately guaranteed by Chipotle Mexican Grill, Inc., a publicly traded (NYSE: CMG)
- Chipotle recently signed a rare 20-year lease with four, 5-year options to extend, demonstrating their long-term commitment to the site
- The lease structure is Absolute NNN, providing owners with a long-term, ideal, management-free investment in a state with no income tax
- Chipotle is one of the fastest growing fast-casual chains in the country, opening a record 304 new locations in 2024
- Lease includes +10% rental increases every 5 years throughout the initial term and at the beginning of each option period
- The asset is located on N Dale Mabry Hwy, the primary north-south retail thoroughfare in Tampa, FL with an AADT of 53,500
EXECUTIVE SUMMARY
RIPCO Real Estate is pleased to offer for sale 17971 N Dale Mabry Highway, a 2,493 SF commercial property currently under construction on the eastside of N Dale Mabry
Highway in Lutz, FL. The property was recently leased to Chipotle (NYSE: CMG), the largest fast-casual chain in the country by annual sales ($11.2 billion), exceeding the
second largest by nearly double (Panda Express: $6.2 billion). Chipotle recently signed a rare 20-year lease that includes +10% rental increases every 5 years throughout
the initial term and at the beginning of each option period, growing NOI and hedging against inflation. This stretch of N Dale Mabry Highway where the property is
located has an AADT of 53,500. Within 3 miles of 17971 N Dale Mabry, there is a population of 51,252 and within 1 mile there is an average household income of $196,673.
The asset would be an attractive opportunity for investors looking for a newly constructed commercial property with no landlord responsibilities, occupied by a strong
national tenant with strong dedication to the location, and located on North Dale Mabry, Tampa’s largest retail corridor.
Highway in Lutz, FL. The property was recently leased to Chipotle (NYSE: CMG), the largest fast-casual chain in the country by annual sales ($11.2 billion), exceeding the
second largest by nearly double (Panda Express: $6.2 billion). Chipotle recently signed a rare 20-year lease that includes +10% rental increases every 5 years throughout
the initial term and at the beginning of each option period, growing NOI and hedging against inflation. This stretch of N Dale Mabry Highway where the property is
located has an AADT of 53,500. Within 3 miles of 17971 N Dale Mabry, there is a population of 51,252 and within 1 mile there is an average household income of $196,673.
The asset would be an attractive opportunity for investors looking for a newly constructed commercial property with no landlord responsibilities, occupied by a strong
national tenant with strong dedication to the location, and located on North Dale Mabry, Tampa’s largest retail corridor.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
2,493 SF
Year Built
2025
Price
$7,076,989 CAD
Price Per SF
$2,838.74 CAD
Cap Rate
4.30%
NOI
$304,311 CAD
Percent Leased
100%
Building Height
1 Story
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Chipotle
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Chipotle | Retailer | 99,999 SF | - | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
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Chipotle | 17971 Dale Mabry hwy
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